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Maruti Honors Essar Steel for its Contribution to Value Engineering
05/24/2011 - Maruti has conferred an award to Essar Steel in recognition of the company’s contribution of value engineering for Maruti’s passenger cars, which account for about 50% market share in India.
Maruti, India, has conferred an award to Essar Steel in recognition of the company’s contribution of value engineering for Maruti’s passenger cars, which account for about 50% market share in the country.
Maruti, a venture of Japan’s Suzuki Motor Corporation, commended Essar Steel’s continued and sustained efforts to bring value to customers through its products and services a recent Vendors Conference in Singapore.
“This is an honor that recognizes our efforts in adding value to our customers,” said Vikram Amin, Executive Director, Essar Steel, upon receiving the award. “We are closely working with Maruti to compliment their efforts in developing cost-saving products and be a part of their growth.”
Essar Steel’s value proposition for using specially developed customized hot rolled products in place of cold rolled product for many of the critical components resulted in substantial cost saving and enhanced production. Maruti conducted a series of stringent tests on the product performance before the substitution was accepted.
According to the company, its recently commissioned compact strip mill will also help the company to open up new opportunities to develop additional value-added hot rolled products for Maruti.
The company also has a dedicated product development and application engineering team that works closely with customers to propose value engineering for cost saving, collaborating with them from conceptual design stages to final launch.
Maruti, a venture of Japan’s Suzuki Motor Corporation, commended Essar Steel’s continued and sustained efforts to bring value to customers through its products and services a recent Vendors Conference in Singapore.
“This is an honor that recognizes our efforts in adding value to our customers,” said Vikram Amin, Executive Director, Essar Steel, upon receiving the award. “We are closely working with Maruti to compliment their efforts in developing cost-saving products and be a part of their growth.”
Essar Steel’s value proposition for using specially developed customized hot rolled products in place of cold rolled product for many of the critical components resulted in substantial cost saving and enhanced production. Maruti conducted a series of stringent tests on the product performance before the substitution was accepted.
According to the company, its recently commissioned compact strip mill will also help the company to open up new opportunities to develop additional value-added hot rolled products for Maruti.
The company also has a dedicated product development and application engineering team that works closely with customers to propose value engineering for cost saving, collaborating with them from conceptual design stages to final launch.
Essar Steel, global producer of steel, is a fully integrated flat carbon steel manufacturer with a production capacity of 14 million tonnes per annum (MTPA). With a presence in North America, Europe, Middle East and South East Asia, UK, UAE and Indonesia, the company is one of the most versatile flat steel producers with integrated facilities from extra wide plates, hot rolling, cold rolling, galvanizing and color coating, pipes with a full distribution business with Service Centre and Steel Hypermarts. The company also operates seven Service Centers in India Indonesia, UAE and UK with an aggregate capacity of over 4 million tonnes.
The Essar Group is a multinational conglomerate and a leading player in the sectors of Steel, Oil & Gas, Power, Communications, Shipping Ports & Logistics, Projects and Minerals. With operations in more than 25 countries across five continents, the Group employs 70,000 people, with revenues of USD 20 billion.
The Essar Group is a multinational conglomerate and a leading player in the sectors of Steel, Oil & Gas, Power, Communications, Shipping Ports & Logistics, Projects and Minerals. With operations in more than 25 countries across five continents, the Group employs 70,000 people, with revenues of USD 20 billion.
