Tata
Intl in strategic pact with Chilean firm
Financial
Express December 25,
2001
Tata
International has entered into a strategic alliance
with Asia Trading SA in Chile for marketing mining
related products and chemicals sourced from Tata
Group companies and other reputed Indian manufacturers.
Asia
Trading incorporated in Chile, has been jointly
floated by Andean Mining and Chemicals Ltd. and
Camara Chileno India De Comerco AG to exclusively
handle the Tata International business in Chile.
Tata
International has already started marketing its
products like refractories, chemicals, castings,
strappings, rubber liners, conveyor belting, wireropes
and other mining consumables to the large mining
sector of Chile.
A
faxed reply from Tata International states: “Chile
has the largest copper mining activities in the
world and Tata International, through this strategic
alliance, wanted to enter the Chilean mining industry
with competitive products sourced from Tata Group
companies and other reputed Indian manufacturers.
However, the Tata International has no equity
participation in this company.”
The
company is also reportedly planning to get into
the bulk commodity business in a major way and
has set up Tata International (Australia) for
coal trading.
Tata
International, earlier known as Tata Exports,
is the international business development arm
of the Tata group, with significant presence in
South East Asia, Africa, Europe and America.
Accorded
the Golden Super Star Trading House status, the company
exports a range of quality products and services to
over 100 countries.
It
also facilitates the import of goods, services
and technologies for Group companies. Tata International
has offices and wholly owned subsidiary companies,
such as Tata Africa, Tata South East Asia, Tata
(UAE) FZE, for promoting international trade and
the globalisation of the Group’s businesses.
As
a vision, Tata International is striving towards
a billion dollar shareholder value, enhancing
international company by 2004. This will be achieved
by aggressively pursuing and offering quality
products and services in the world market, sourced
from most of the competitive regions through strong
international network and infrastructure.
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