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Foundry Daily News

30. November 2009

Japan Steel Works focusing on India to expand operations

PTI reported that Japan Steel Works is focusing on emerging economies like India to expand its overseas operations against the backdrop of weakening performance in major markets like the US.

Mr Ikuo Sato representative director & president of Japan Steel said that "In our overseas focus, India is very important to us." He added that the company may also look at setting up warehouses in India in view of lucrative orders from about 50 leading companies, including automobile majors like Maruti Suzuki India.

Asked if the company plans to set up a manufacturing base in India, Mr Sato said that "It all depends on demand volumes."

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