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Metal One India Set Up From Value One, Autumn 2008 No. 22

To Expand a Value Chain with Domestic Sale and Export/Import Functions

Metal One Corporation India Pvt. Ltd., the first Indian subsidiary of Metal One Corporation, was established, and on June 1, 2008, began business at its headquarters in New Delhi and branches in Mumbai, Chennai, and Kolkata. The new company will have domestic sale and export/import functions as the core of Metal One's value chain in India, a strategically vital region, and endeavor to help further expand the functions and services of the integrated steel trading company.

Metal One India is now supplying automotive steel sheets to Indian car and motorcycle manufacturers; marketing automotive steel sheets and electrical sheets by utilizing Mahindra Steel Service Centre, Ltd., a joint venture with Indian industrial conglomerate Mahindra & Mahindra Limited; and dealing in wire rods and specialty steel for fast growing auto parts manufacturers, including Nifast India Private Ltd.

Metal One Corporation India Pvt. Ltd.
Address: Vijaya, 2nd floor, Rearwing, 17, Barakhamba Road, New Delhi, India
Capital: 328.3 million rupees (approx. ¥820 million)
Number of employees: 26 (including five Japanese)
Managing Director: Takanori Higashino
Branches: Mumbai, Chennai, and Kolkata

Takanori Higashino, managing director of Metal One Corporation India, is looking ahead to a healthy business expansion, saying, "From now on, we will make full use of the new company's functions in the growing Indian market and press ahead our market-initiated strategy in domestic sales, global trade, and business investments while grasping customer needs together with our national staff in each strategic field."

(Regional Strategy & Coordination Department)


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