India’s Mukand, Japan’s Sumitomo to form $434m alloy steel jv

Indian speciality steel producer Mukand and Japan’s Sumitomo have agreed to form a joint venture to roll and finish alloy steel products, Sumitomo said on Friday March 31.

The new company will be called Mukand Alloy Steels (MASPL), Sumitomo added.

“The business is currently being conducted by Mukand [through a subsidiary] and will be transferred into a [new] subsidiary which will [then] amalgamate into MAPSL through a scheme of arrangement, subsequent to...

Published

Viral Shah

March 31, 2017

18:05 GMT

London