India-Tata Refractories sets up its first greenfield manufacturing unit in China

Tata Refractories Ltd, (TRL) is India's No. 1 Refractories Producer , has set up a new plant in China to manufacture Magnesia Carbon refractories.

With a capital investment of Rs 370 Million and a production capacity of 30,000 MTPA, this strategic initiative has been taken to leverage the proximity to raw material sources and to avail of the low-manufacturing-cost structure of the Chinese economy. This would also facilitate smooth supply of cost-effective products to customers across the globe.

The greenfield plant, located at Bayuquan in Lioning province situated in the north eastern part of China, is the first greenfield manufacturing unit of TRL as well as of Tata group in China. The plant was inaugurated by the managing director of TRL, C D Kamath on December 28, 2006, coinciding with the birthday of group chairman Ratan N Tata.

The plant has been commissioned at a record time of exactly eight months, a record in project completion even by Chinese standards.Similarly, TRL has set up a production facility in Gujarat to manufacture bauxite-based refractories. 

These strategic initiatives, aimed at making TRL a global refractories company, are a part of company's expansion and modernisation drive launched two years back at a capital investment of Rs 2820 Million. This drive has resulted in making the company one of the most modern plants, and has enhanced its capacity to 2,50,000 MTPA, the highest for any refractories unit under one roof in the world.

600450 India-Tata Refractories sets up its first greenfield manufacturing unit in China glassonweb.com
Date: 20 January 2007
Source: www.tata.com

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