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fident of turning Essar Steel around if bid clicksfident of turning Essar Steel around if bid c- The 19th China£¨Guangzhou£©Int¡¯l Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
3/2/2018 Sheetmetal machinery, Forging, Stamping expo |
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Business Line reported that Tyazhpromexport JSC, a shareholder in Numetal which has bid for Essar Steel, is confident of scripting a quick turnaround of the distressed assets if it emerges as the highest bidder. TPE says it will carry out studies for installation of new facilities in order to maximise production from the profitable routes and optimise production from the loss making lines.
Ismail Mazanaev, Managing Director, TPE India said that with its rich technical experience and strong financial capability the new management would ensure Essar remains one of the key players in the steel industry.
TPE is a leading engineering agency in Russia in ferrous and non-ferrous metallurgy project operations and construction with experience of over 60 years and wholly owned by Rostec, a $19 billion Russian state Corporation.
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Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
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