Japanese steelmaker Kobe Steel has announced that the company provided an exclusive license to FLSmidth Private Limited, enabling the Indian partner to market, design and construct iron ore pellet plants using Kobe Steel's pelletizing process called the Kobelco Pelletizing System.
According to the statement, this agreement gives FLSmidth the exclusive right to supply pellet plants in India.
India has produced 81.2 million metric tons of crude steel in 2013, and steel production is anticipated to be prosperous in future according to the World Steel Association. Indian government's aim to increase steel production to 300 million metric tons by 2025 has enhanced the need for iron and other related production facilities, including pellet plants. According to the statement, Kobe Steel and FLSmidth will cater to this demand by jointly promoting the Kobelco Pelletizing System