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Tata Ryerson
Sets up Rs 500 Million Plate Processing and Fabrication Service Center in AP
~Tata Ryerson Limited (TRyL), a joint venture
between Tata Steel and Ryerson Inc of USA has set up a first-of-its-kind service
center for plate processing and fabrication at Tada in Andhra Pradesh to cater
to the growing Earthmoving and Construction Equipment market in India.~
Hyderabad|India|February'2009:
Tata Ryerson Limited (TRyL), a joint venture between Tata Steel and
Ryerson Inc of USA has set up a first-of-its-kind service center for plate
processing and fabrication at Tada in Andhra Pradesh to cater to the
growing Earthmoving and Construction Equipment market in India.
The center, set up at an investment of Rs 500 million, will provide a wide
range of services including oxy fuel, plasma and laser cutting, shearing,
press bending and welding of plates for ordinary carbon steel and alloy
steel to a very high strength and high hardness steel.
Inaugurating the center at Tada on Monday, the Tata Ryerson chairman, Mr.
Frank Munoz aid, “The service center is a part of our continuous effort to
work closely with customers and provide more value to them.” He said that
it is adequately equipped to offer a comprehensive range of services for
plates to any customer in the ECE segment.
Mr. Sandipan Chakraborty, Managing Director of Tata Ryerson Ltd., said,
“Close to the major OEMs like Caterpillar at Thiruvallur near Chennai,
Komatsu in Chennai, Volvo, L&T Komatsu near Bangalore, and Telcon in
Dharwad, TRyL’s service center for plate processing and fabrication is a
strategic fit for both the equipment manufacturers who can now look for
service on a Just in Time basis.”
TRyL’s latest entry into value added Stage II & III service centers will
add to its existing stable of sophisticated processing facilities (Hot
Rolled, Cold Rolled – both coated and uncoated , SS and Rebar) in
Jamshedpur, Pune and Faridabad. The company has also pioneered processing
of auto grade steel for car skin panels, SS and construction grade Rebar
in India. Today steel processed and distributed by Tata Ryerson are used
by most of the reputed OEMs in the Auto, Appliance , Panel segments like
Maruti, Whirlpool, LG, Samsung, Ericsson , Honda, Tata Motors, Ford etc.
The company’s decision to raise the standards of service in steel plates
for the Earthmoving & Construction Equipment sector is clearly in line
with the emerging opportunities. The global mining and exploration giants
are expected to pump in 22.4 billion USD into India's mining industry in
next few years.The market for mining and mineral-processing equipment in
India is estimated at $5 billion for the next 5 years. Investment in
Infrastructure is estimated to reach 125 billion USD by 2012. The Eleventh
Plan of the Govt. has proposed investments of Rs. 20,27,169 crore over the
next 5 years.
Tata Ryerson Limited (TRyL):
Tata Ryerson was formed in 1997 as a JV between Tata Steel and Ryerson of
USA to bring world class steel service center solutions to industrial
customers in India. The company is headquartered at Kolkata. While Tata
Steel is the largest private sector steel producer in India and one of the
respected players in the global arena today, Ryerson Inc. is the largest
distributor of industrial materials having more than 100 centers across
USA, Canada and China with a turnover of around 6 Billion US Dollars. Tata
Ryerson is in its twelfth year of successful operation with a growth rate
of over 50% CAGR, in terms of profit and tonnage.
Commencing operation in 1997 with a service centre in Jamshedpur and a
turnover of Rs 1.8 crore, it has now spread across India with 7 service
centers and 16 distribution locations. With a combined processing and
distribution volume of over 1.3 million metric ton, it is poised to cross
a turnover of Rs.1500 crore in 2008-09.
World class processing facilities and comprehensive quality assurance
systems have combined to make Tata Ryerson a benchmark in the service
center industry. Its plants have been awarded ISO9001, 9002-1994 and
QS9000 and TS16949 quality system certifications and best distributor of
Tata Steel for the year 2008. TRyL has also been awarded with the
prestigious Rajiv Gandhi National Quality Award for large scale service
centre in the year 2007. Business operations are integrated using the SAP
R/3 platform which provides real time data for customers.
Team Tata Ryerson with a 1660 strong committed workforce work hard to set
newer benchmarks in business excellence and customer satisfaction.
Reachout's News Bureau
February' 2009
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