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ISMT Ltd to unite with ISSAL
 
ISMT Ltd to unite with ISSAL
Pune based India Seamless Metal Tubes Ltd (ISMT)and Indian Seamless Steels and Alloys Ltd (ISSA)companies have decided to merge because the merger between these two companies will create Rs 1000 crore plus turn over engineering company to form the largest integrated precision seamless tube manufacturing company in the Asia Pacific Region. The company than united would be named as ISMT Ltd. The than united company offer an unmatched range of precision tubes to Tier1 suppliers of auto ,bearing, and other Engineering OEMs. To Boot it would continue using its surplus capacity for manufacturing specialised steels for the quality driven engineering sectors buyers in forging, auto component, mining and other industries. An inhouse raw material source allows the company to achieve higher stability in cost and profitability and is better able to position itself with the international OEMs. The companys product mix is undergoing a shift towards high end products fleetingly.
Posted On : 9/30/2005 1:26:37 PM

 
 
 
ISMT Ltd to unite with ISSAL