To set up an automotive steel service centre in at Chakan near Pune, Mahindra Inter-trade is to get into a new joint venture with China Steel Global Trading Corporation, Taiwan and Mitsui & Co (Asia Pacific) Pte Ltd Singapore.
The facility is be set up at a cost of Rs 150 crore ($24 million) over 10 acres of land and will have an annual processing capacity of 130,000 tonne.
The company said that it would begin operations in the fourth quarter of F-2015.
Mahindra Intertrade, said that this state-of-the-art facility will be one of the few merchant producers of steel blanks and profiles offering the full range of services from sourcing to customised JIT delivery solutions.
Once operational, it will redefine the supply chain model in the region backed by two global leaders in this field, China Steel and Mitsui, the Mahindra Intertrade said. While Mahindra Intertrade will hold a share of 51 per cent in the joint venture, the other two partners will hold 24.5 per cent each.
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