Concast (India) Ltd. join hands with Mitsubishi - Hitachi Metals Machinery Inc.

摘要

Mitsubishi-Hitachi Metals Machinery, Inc. (MH) and CONCAST (INDIA) LIMITED (CIL), a leading supplier of continuous casting machines in India, have decided to enter into a strategic partnership together to capitalize on the individual strengths of both companies. MH has recently concluded the share purchase agreement with CIL's shareholders. The Indian government plans to develop and invest rapidly in infrastructure at about one trillion US dollars in the twelfth Five Year Plan (2012-2017) and it is highly expected that steel consumption will increase, iron and steel industries will expand and the demand for metals machinery will grow.