Financial Daily from THE HINDU group of publications
Saturday, Jul 09, 2005
Financial Daily from THE HINDU group of publications Saturday, Jul 09, 2005 |
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Corporate
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Alliances & Joint Ventures Sarvesh Refractory ties up with US co UCAR Our Bureau
Kolkata , July 8 ROURKELA-based Sarvesh Refractory Pvt Ltd has joined hands with the US-based UCAR Carbon Company for providing carbon-based refractory solutions to all manufacturers using blast furnace, including steel plants. According to Mr Peter Sylven, Managing Director of UCAR, his company has authorised Sarvesh Refractory to market its entire range of carbon and graphite refractory products in India. Mr Sylven was addressing a press conference on Friday. Sarvesh Refractory caters to the needs of the steel and allied industries. According to Mr B.L. Sarkar, DGM (Marketing) of Sarvesh, the company has recently acquired two other units - Rassi Refractories Ltd in Andhra Pradesh and Bavla units of VRW Refractories. "Our annual turnover is more than Rs 100 crore and our total combined capacity is one lakh tonnes of refractories per annum," Mr Sarkar said. According to Mr Sylven, the UCAR refractory systems have succeeded in the steel plants of northern America. In the last five years, the company has made tremendous inroads in the Chinese market too. "While the average life of the traditional blast furnaces in India is six to seven years, our average minimum life span is 15 years," he said. As Indian steel plants have already projected an increase in their capacities in the next few years, Mr Sylven said UCAR's business potential in India was huge. The company has already initiated talks with the Steel Authority of India Ltd.
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