07
Nov
14:43
Firms to establish India's second auto shredding JV
Maruti Suzuki and Toyota Tsusho Group plan to set up in India a vehicle dismantling and recycling joint venture to support the growing requirement for scrap from increased EAF steelmaking in the country.
Each firm will own a 50% stake in Maruti Suzuki Toyotsu India Private Limited (MSTI), scheduled to begin operations in Noida, Uttar Pradesh in the fiscal year through March 2021. The unit will procure and dismantle end of life vehicles (ELVs), including complete…
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Anonymous
Very good overview of the weekly steel market.
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