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11 Jan
00:00

Hyundai Hysco completes Indian automotive pipe takeover

South Korea’s Hyundai Hysco, part of Hyundai Motor, has taken complete control of an automotive pipe factory joint venture near Chennai in Tamil Nadu, India. The takeover of Automotive Steel Pipe India (ASPI) continues Hyundai Motors ambitious plans for international expansion and backward integration, Kallanish notes. ASPI can produce around 48,000 tonnes/year of carbon and stainless pipes from two ERW mills and supporting equipment. It was …
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