Usha Martin's Thailand subsidiary - Usha Siam Steel Industries (Usha Siam) has started partial operations at its plant. Earlier on October 25, 2011, Usha Siam had halted the production on the back of devastating floods in Thailand, facilities of Usha Siam which had an annual production capacity of 44000 MT had been inundated in water and were currently non operational.
A portion of claim has also been disbursed to Usha Siam by insurance companies. Further, the company is expecting to resume full operations from July/August, 2012 onwards.
Usha Martin is engaged in the manufacturing of wire rods, bright bars, steel wires, specialty wires, wire ropes, strand, conveyor cord, wire drawing and cable machinery. The company was incorporated as a joint venture between Usha Martin Industries and Bihar State Electronics Development Corporation, AEG Kabel, Germany (now Kabelrhydt and a member of the Alcatel group) and DEG, Germany.
