Jindal close to acquiring ThaiNox for $325m

Friday, 20 October 2006 14:31:49 (GMT+3)   |  
Indian steelmaker Jindal Stainless Limited is reportedly close to acquiring ThaiNox, Thailand's largest stainless steel producer, for $325 million. Indian sources report that the move is part of Jindal's strategy to consolidate its presence in the Southeast Asian market. If the deal is completed, this will be Jindal's second acquisition in the region following its purchase of Indonesia's Maspion Steel in 2004.

Similar articles

Jindal Stainless to invest in Asia

21 Jan | Steel News

Flat steel prices in local Taiwanese market - week 23, 2026

04 Jun | Flats and Slab

No increase possible in ex-China CRC prices amid sufficient supply, limited demand

03 Jun | Flats and Slab

Local Chinese stainless steel prices remain stable amid support from cost side

03 Jun | Flats and Slab

Global stainless steel output up 2.5 percent in Q1 2026

03 Jun | Steel News

Ex-China stainless steel prices may inch up in coming week, ex-Indonesia prices down slightly

02 Jun | Flats and Slab

Flat steel prices in local Taiwanese market - week 22, 2026

28 May | Flats and Slab

Local Chinese stainless steel prices slightly rebound

27 May | Flats and Slab

Ex-China stainless steel prices remain stable, while mood locally worsens

26 May | Flats and Slab

EU Commission escalates stainless steel trade dispute with Çolakoğlu to top court

22 May | Steel News

Marketplace Offers

Hot Drawn Stainless Plate
Thickness:  0.4 - 10 mm
Width:  1,000 - 2,000 mm
Length:  2,000 - 6,000 mm
ERGEN ZIRAAT MAK. SAN. TIC. LTD.STI.
Cold Drawn Stainless Plate
Thickness:  0.4 - 10 mm
Width:  1,000 - 2,000 mm
Length:  2,000 - 6,000 mm
ERGEN ZIRAAT MAK. SAN. TIC. LTD.STI.
Hot Drawn Stainless Plate
Thickness:  2 - 6 mm
Width:  1,000 - 1,500 mm
Length:  2,000 - 6,000 mm
MAIAK-M