Cyrus P Mistry, chairman, Tata Sons, and Shoji Muneoka, chairman, Nippon Steel & Sumitomo Metal Corporation (NSSMC), jointly inaugurated Jamshedpur Continuous Annealing and Processing Company Private limited (JCAPCPl) Continuous Annealing & Processing line, a 6,00,000 tonnes per annum facility for manufacturing ‘Automotive Grade Continuous Annealed Products’, at Steelennium Hall inside Tata Steel plant.

Speaking on the occasion, Cyrus P Mistry said, “This line will produce products that will be a great support to the Indian Automobile Industry. JCAPCPl will establish high quality levels and production standards that we hope will be path-breaking and record-setting. I would like to congratulate the entire project team right from its inception and execution of this project”.

In his address to the gathering, Shoji Muneoka, Chairman, NSSMC said, “JCAPCPl has been established to supply high grade cold rolled steel for the automobile industry. I have no doubt that JACAPCPl will take advantage of strengths of both Tata Steel and Nippon steel and supply steel that will definitely satisfy our customers. Through JCAPCPl, we will contribute to the Indian Automobile Industry and eventually to the whole Indian economy”.

T V Narendran, MD, Tata Steel, India & SEA said, “The relationship between Tata Steel and Nippon Steel goes back 40 years; it’s been a technical relation and partnership in many ways which is now translated into a company where the best of both the companies can be reflected. And I hope that this relation can be taken to higher levels as both the companies have knowledge and experience in the global market, so this will be a win-win partnership”.

He further added, “It is also opportune that we are having this function today when the Prime Ministers of both the Nations are discussing on how these two countries can work closely going in to future”.

In his address to the gathering, Kazumi Endo, Consul-General of Japan, Kolkata commented on the growing Indo-Japanese bilateral co-operation in the areas of trade and commerce.

He said, “It is in the fitness of things that the JCAPCPl facility is being formally inaugurated on the day when the Indian Prime Minster is meeting his Japanese counter-part in Japan”.

Jamshedpur Continuous Annealing and Processing Company Private limited (JCAPCPl), a 51:49 joint venture company between Nippon Steel & Sumitomo Metal Corporation (NSSMC) and Tata Steel, was formed in early 2012 for producing high-end cold rolled coils and sheets for the Indian Automotive Market.