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Monday, July 28, 2008

IJM launches welded wire mesh plant in Hyderabad

NEW DELHI: IJM Corporation commissioned a RM16 million (Rs21 crore) welded wire mesh manufacturing facility in Hyderabad yesterday.

The project undertaken through IJM’s subsidiary IJM Steel Products Private Ltd is located in Isnapur near Hyderabad, capital of Andhra Pradesh.

The Hindu Business Line reported that the facility would operate with one production line initially, with a production capacity of supplying 12,000 tonnes of welded wire mesh per annum.

“Welded wire mesh for concrete reinforcement is new to the Indian construction industry. The manufactured product comes to the site ready for immediate onsite installation, contributing to higher productivity and better quality control,” said Datuk Krishnan Tan, chief executive officer and managing director of IJM Corporation.

“We are confident that the mesh is set to revolutionise the infrastructure and the real estate industry in India, which builds close to 1.5 million housing units a year,” he told reporters in Hyderabad after launching the facility.

Tan said the company planned to double its production capacity within the next three years at the Isnapur plant and has plans to set up a similar facility in Mumbai.

“We have signed up IJM (India) Infrastructure Ltd as our first customer. We wanted to first use our welded wire mesh product at our ongoing housing projects — a 120-acre project in Vijayawada and a 42-acre residential project in Nagpur — to create confidence among the Indian customers,” he said.

“We expect the Hyderabad facility to garner revenues of Rs35 crore (RM27 million) this year,” Tan was quoted as saying.

By Bernama

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