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CMI FPE India inks deal with UAE-based Al Ghurair Iron & Steel

23 Apr 2013 Evaluate

CMI-FPE India has inked deal with UAE-based Al Ghurair Iron & Steel (AGIS), pursuant to which AGIS is set to double its capacity for galvanized production. The company will be the supplier of a new Continuous Galvanizing Line (CGL) and Skin Pass Mill. AGIS capacity will go up to 400,000 mts with the supply of a new CGL and Skin Pass line from the Indian company, which is a subsidiary of Belgium’s CMI Group.

AGIS -- a joint venture between the Al Ghurair Group, a leading industrial group in the UAE, and global steel-making giant Nippon Steel & Sumitomo Metals Corporation (NSSMC) of Japan -- already has an annual galvanized production capacity of 200,000 mts.

CMI-FPE principal activities comprise of manufacturing and installation of cold rolling mills complexes, processing lines, chemical processes, thermal processes and automation equipments for ferrous and non-ferrous industries worldwide.

Peers
Company Name CMP
Bharat Heavy Elect. 418.00
Thermax 3452.90
Kirloskar Industries 3649.70
Skipper 564.95
INDO-MIM 1268.45
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