Uttam Galva JV to set up steel mill in Ghana

Saturday, March 17, 2007, 19:44 [IST]

New Delhi, Mar 7 (UNI) Uttam Galva Steels Ltd has formed a joint venture with UK-based trading company Liberty Commodities to build a new steel re-roller mill in Ghana with an investment of 20 million dollars.

The plant will include a 75,000 tonnes per year hot-dip galvanising line and a 2,00,000-2,50,000 tonnes per year cold reversing mill to supply it was cold rolled coil (CRC), a company statement said today.

The two companies have set up a new company Ghana Iron and Steel Co (Gisco) from which hot-dipped galvanised (HDG) line is expected to start production by the end of this year, while the 40 million dollars cold rolling mill is planned for next year.

In the short term, until the cold mill is built, CRC will be exported to Ghana from India and Bangladesh.

UNI

Topics: STEEL-UTTAM GALVA-JV

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