BMW Industries has acquired two step down subsidiary companies namely ‘BMW Iron & Steel Industries’ and ‘Nippon Cryo’ on December 31, 2019. BMW Iron & Steel Industries is engaged in manufacturing of iron and steel products and transportation. Besides, Nippon Cryo is engaged in manufacturing of iron and steel products. On acquisition, both companies becomes wholly owned step down subsidiaries of the company and the business of company will expand.
BMW Industries is a secondary steel producer and engaged in the manufacture of two product types - longs (towers, structures and TMT) and flats (pipes, galvanised plain and galvanised corrugated) - one of few to do so in India’s secondary steel sector. Besides, it is engaged in tubes galvanisation and the manufacture of tubular poles/structures, transmission line towers and rebars.
