Usha Martin to expand capacity
Indian specialty steel and
wire rope maker Usha Martin Ltd announced plans to increase its annual
wire rope
production to 90,000 tons by 2007, from the current 66,000 tons, in an effort to reach its goal of becoming world's largest
wire rope producer.
The company is currently the world's second largest
wire rope producer.
Sources report that Usha Martin will try to reach its goal through enhancing productivity at Ranchi and other plants.
The annual
production at Ranchi unit, which currently contributes 60 percent of the total
production, is planned to be increased from the current 57,600 tons to 66,000 tons per annum by 2007.
Moreover, the combined
production at
Thailand, Dubai,
UK and the recently acquired JCT's steel division at Hoshiarpur will be increased to 24, 000 tons from the current 8,400 tons per annum by 2007.