Produces steel Press Parts and coils required for air conditioning and automobile manufacturing sectors
Sri City, September 27, 2023:- Neemrana Steel Service Centre India (NSSI) has inaugurated its state-of-the-art heat-resistant steel press parts and coils manufacturing facility in Sri City. The facility, commissioned by Tokyo-based Nippon Steel Trading Corporation, was inaugurated on Wednesday. In the colourful event, which commenced with the welcome address of Mr. Hiroshi Ito, Managing Director, the Consulate General of Japan in Chennai Mr. Masayuki Taga took part of the Chief Guest. Along with the Consulate General, Mr. Shinichi Nakamura, President, NSTC, Mr. Shogo Ando, Vice Managing Director, Daikin, Mr. Kaoru Shiraishi, Director General of Japan External Trade Organisation (JETRO) and Dr. Ravindra Sannareddy, Founder Managing Director, Sri City administered the ceremony and declared the unit inaugurated in the presence of a host of dignitaries.
Mr. Masayuki Taga expressed satisfaction with the presence of numerous Japanese companies in Sri City, highlighting it as a secure location for expats, particularly Japanese nationals, and thanked Dr. Ravindra Sannareddy for his excellent support and also the dynamic Andhra Pradesh Government headed by Mr. Y.S. Jagan Mohan Reddy. He said that NSSI would effectively meet the demands of the Indian market by strengthening the supply chain.
Congratulating the entire team on the commissioning of plant Dr. Ravindra Sannareddy said, “We have a very high share of hosting manufacturing units in automobile and air conditioners manufacturing sectors, and we are immensely happy as yet another company that supports these sectors goes on-stream.” Stating that presence of Neemrana Steel will certainly enhance the symbiotic ecosystem in Sri City, he observed that with the presence of several major AC brands and their supply chain companies, by 2026 more than 50% of AC machines produced in the country are estimated to be from Sri City.
Stating that Sri City is an ideal place for doing business Mr. Shinichi Nakamura said that their plant will supply steel pressed and stamped components to clients in south India and will soon start a skill development center to train local youth. Mr. Shogo Ando and Mr. Kaoru Shiraishi also spoke. Mr. Brijesh Yadav, Senior General Manager proposed a vote of thanks.
The Neemrana Steel Unit was built on a lot of 5 acres in the Domestic Tariff Zone (DTZ), with an initial investment of around Rs. 100 crores, in a short span of 9 months. The plant produces steel press parts and coils for air conditioning and automobile manufacturing sectors, with a production capacity of 84,000 metric tonnes/annum. The plant creates employment opportunities for around 200 people and serves important customers like Daikin and other major AC brands and automobile manufacturers in Sri City.
Nippon Steel Trading Corp., founded in 1977, operates in various sectors including steel, raw fuel, and industrial machinery. Its subsidiary, Neemrana Steel Service Center India established in 2011 its plant in Neemrana, Rajasthan, specialised in steel processing services, including cutting, slitting, and flattening steel sheets and coils, catering to various industries, including automotive and white goods.
