-(1)-Reinhausen-(1).jpg?lang=en-US&ext=.jpg)
Veolia.gif?width=200&height=200&mediaprotectionhash=4deca34a0d5a00013b5a0ccdc2dcf98fd2c17aabb57eb7bbb27200552f29c247&ext=.gif)
SAIL, Kobe Steel Sign MoU for Strategic Collaboration
12/01/2010 - Steel Authority of India Limited and Kobe Steel Ltd. have signed a memorandum of understanding for comprehensive strategic collaboration covering technologies, projects, and other areas. The two companies have already begun a feasibility study for a joint venture that utilizes Kobe’s ITmk3 iron-making process.
Steel Authority of India Limited (SAIL) and Kobe Steel Ltd. of Japan have signed a memorandum of understanding (MoU) for comprehensive strategic collaboration covering technologies, projects, and other areas.
Kobe Steel and SAIL have already begun a feasibility study for a joint venture that utilizes the former’s ITmk3 iron-making process. Both companies wish to further develop this relationship, which led to the formation of this MOU.
Specific projects and studies will be undertaken to explore the possibility of producing high-value products, such as products for automobiles, for nuclear power plants and conventional power plants such as forged material and tubing material, special alloy steel and bars, and stainless steel tube and/or any other product mutually agreed to between Kobe Steel and SAIL.
The MoU was signed by Hiroshi Sato, President and CEO of Kobe Steel, and SAIL Chairman C.S. Verma in the presence of P.K. Misra, Secretary (Steel), Government of India, and senior officials of the two steel companies.
SAIL is India’s largest steelmaker and has numerous iron ore and coal mines. Kobe Steel has world-class technologies for producing high-value-added steel products, but also raw material processing and iron unit production including pellets, direct reduced iron, and the ITmk3 iron-making process.
