China Steel Group, Taiwan’s biggest steel player, initiated The 2015 Taiwan steel and Metal Technology forum at the Bombay Exhibition Center along with China Steel Corporation India (CSCI), C.S Aluminium Corporation(CSAC) and China Ecotek Corporation(CEC) as its subsidiaries. The forum aims at providing a glimpse of Taiwan’s aspirations and expectations with regards to Indian steel and aluminium market as India and Taiwan joins hands strengthening the bilateral trade relations and commercial links between the two countries. The forum provides a platform to showcase the increasing faith in the Indian market and economy by the Chinese. China Steel Group being one of the largest steel producers in the world strategically planned the collaboration with India boosting the government’s ‘Make in India’ initiative. This forum will highly benefit the Indian steel market and small businesses of both the countries.
Amongst the three subsidiaries, China Steel Corporation (CSC)’s biggest investment in India is China Steel Corporation India (CSCI) that produces electrical steel in Bharuch district of Gujarat. With $2.37mn investment, the production line annually produces 200,000 tonne of non-grain oriented electrical steel. CSC will be investing in India extensively.
The second subsidiary is C.S Aluminium Corporation (CSAC) which was established in 1996, is the largest manufacturer of rolled aluminium products in Taiwan. Its major products include aluminium plates, sheets, coils, foil, bars, wire rods, drops, zinc alloy ingots, etc. The third subsidiary, China Ecotek Corporation, founded in March 1993,provides clients a total solution service for electrical equipment installation, water treatment, steam-electricity cogeneration and conveyor systems by EPC turnkey projects and O&M sectors. CEC also cooperates with CSC to research and develop products for environmental protection.
Congratulating CSGT India and CSC group with their successful venture as they explore India, Mr. Chung-Yi Lin, Vice President of China Steel Corporation, said, India is definitely one of the most lucrative market for the steel and Aluminum industry. This collaboration will strengthen the ties and help in the growth of global and local businesses. The strong Indian base and its strategic connectivity with the European markets will prove beneficial for China Steel in their plans to services Europe as well as African markets.
The forum has set its focus on sharing of technology and strategies between India and China. This will be beneficial to Indian steel market in its subsequent growth and development.
China Steel Corporation (CSC), located at Kaohsiung, Taiwan, was founded in December 1971. CSC produces a range of products that includes plates, bars, wire rods, hot and cold rolled coils, electrogalvanized coils, electrical steel coils, hot-dip galvanized coils, and Ti/Ni-base alloy. CSC is the largest steel company in Taiwan. Major export destinations are Mainland China, Japan and Southeast Asia. Presently CSC and its 24 subsidiaries constitute the “CSC Group” in five business areas: steel, engineering and construction, industrial materials, logistics, and services & investments. CSC keeps deepening the roots for its core business in steel and is devoted to integrate the related downstream industries to foster healthy development and international competitiveness of Taiwan’s steel related industry.