Thu, 06 October 2011
Russian steelmaker NLMK has announced that it has acquired an India-based electrical steel service center National Laminations for a total consideration of US$8 million. The acquisition will improve NLMK's position in the Indian market as one of the leading suppliers of grain-oriented electrical steel, controlling production from crude steel production to delivery to the final customer.
National Laminations is a grain-oriented steel processing and distribution company with processing and warehousing capacities of 16,000 mt and 15,000 mt per year, respectively. The company supplies processed materials to a wide range of customers, including local and international transformer producers.
Tags: flats , India , Russia , CIS , Indian Subcon , NLMK , M&A , steelmaking , South Asia
(sourced steelorbis)
Russian steelmaker NLMK has announced that it has acquired an India-based electrical steel service center National Laminations for a total consideration of US$8 million. The acquisition will improve NLMK's position in the Indian market as one of the leading suppliers of grain-oriented electrical steel, controlling production from crude steel production to delivery to the final customer.
National Laminations is a grain-oriented steel processing and distribution company with processing and warehousing capacities of 16,000 mt and 15,000 mt per year, respectively. The company supplies processed materials to a wide range of customers, including local and international transformer producers.
Tags: flats , India , Russia , CIS , Indian Subcon , NLMK , M&A , steelmaking , South Asia
(sourced steelorbis)
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