Metallurgical coke maker Tata Metaliks Ltd. (TML) has
signed a three-way joint venture agreement with Kubota
Corporation and Metal One Corporation - both Japanese
companies - to manufacture ductile iron pipes.
Metaliks would hold 51 per cent in the venture, Tata Metaliks
Kubota Pipes Ltd, that would cost Rs150 crore. Kubota
would have 44 per cent and Metal One 5 per cent, the company
said in a filing with the Bombay Stock Exchange (BSE).
manufacturing facility, with an initial annual capacity
of 110,000 tonnes, would be located at Kharagpur in West
Bengal. A portion of the output would be exported.
Metaliks produces foundry-grade pig iron and the proposed
manufacturing facility would use liquid pig iron from
TML''s existing mini-blast furnace. The plant is expected
to be operational by the fourth quarter of 2008-09.
first phase would establish capacity of 1,10,000 tonnes
per annum of ductile iron pipes, a part of which would
Japanese partner Kubota Corporation would bring in technology
for manufacturing DI pipes.
Corporation President Daisuke Hatakake said the partnership
would help in export of DI pipes across the globe.