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Tata Refractories
sets up its first greenfield manufacturing unit in China January
9, 2007 Tata
Refractories has set up a new plant in China to manufacture Magnesia Carbon refractories.
With a capital investment of Rs 37 crore and a production capacity of 30,000 MTPA,
this strategic initiative has been taken to leverage the proximity to raw material
sources and to avail of the low-manufacturing-cost structure of the Chinese economy.
This would also facilitate smooth supply of cost-effective products to customers
across the globe. The greenfield plant, located
at Bayuquan in Lioning province situated in the north eastern part of China, is
the first greenfield manufacturing unit of TRL as well as of Tata group in China.
The plant was inaugurated by the managing director of TRL, C D Kamath on December
28, 2006, coinciding with the birthday of group chairman Ratan N Tata. The
plant has been commissioned at a record time of exactly eight months, a record
in project completion even by Chinese standards. Similarly,
TRL has set up a production facility in Gujarat to manufacture bauxite-based refractories. These
strategic initiatives, aimed at making TRL a global refractories company, are
a part of company's expansion and modernisation drive launched two years back
at a capital investment of Rs 282 crore. This drive has resulted in making the
company one of the most modern plants, and has enhanced its capacity to 2,50,000
MTPA, the highest for any refractories unit under one roof in the world. |