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Usha Martin’s arm forms 50:50 JV with TESAC Wire Ropes in Thailand

03 Dec 2012 Evaluate

Usha Martin’s subsidiary - Usha Siam Steel Industries has formed a 50:50 joint venture (JV) in Thailand with TESAC Wire Ropes, a leading Japanese wire rope Company, under the name and style TESAC Usha Wire Rope Company’ for manufacture of high performance steel wire ropes.

Usha Martin is a major manufacturer of wire rods, bright bars, steel wires, speciality wires, wire ropes, strand, conveyor cord, wire drawing and cable machinery.

Peers
Company Name CMP
JSW Steel 1267.50
Tata Steel 182.85
Steel Authority 179.00
Jindal Stainless 755.20
APL Apollo Tubes 2153.00
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