Japanese steel plate processing company India Metal One Steel Plate Processing Private Limited (IMOP) inaugurated its second manufacturing facility at Sri City, taking its total investment in the integrated business city to `408 crore.
The new facility, set up with an investment of `108 crore on 12,000 sq. metres, will increase the company’s annual production capacity by 25 per cent, from 48,000 MT to 60,000 MT. It is expected to generate 200 additional jobs, taking the company’s total workforce to 850.
Speaking at the inauguration, IMOP managing director Taizo Iwami thanked customers, business partners and employees for their continued support. He said the new facility would strengthen the company’s ability to deliver quality products while maintaining high standards of safety and timely service.
Sri City managing director Dr Ravindra Sannareddy said IMOP’s expansion reflected the growing confidence of global investors in Sri City. He said the investment would create employment opportunities and strengthen the region’s industrial ecosystem. He also appreciated the company’s CSR initiatives to improve infrastructure in nearby government schools.
The event was attended by Metal One Corporation executive officer and chief operating officer (COO) Masashi Mizuno, Metal One India chairman and managing director Yukita Sato, representatives of Sojitz Corporation India and senior executives of customer and supplier companies.
Established at Sri City in August 2012, IMOP supplies processed steel plates, steel frame assemblies and precision components to leading construction equipment manufacturers. At the event, the company honoured long-standing customers, including Caterpillar, Kobelco, Tata-Hitachi and Doosan Bobcat, and key suppliers Tata Steel, Jindal Steel and JSW Steel for their contribution to its growth.
The expansion marks another step in IMOP’s 15-year association with Sri City and its commitment to India’s manufacturing sector.
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