statesman news service
KOLKATA, 3 JUNE: Speciality steel and wire rope manufacturer Usha Martin Limited has signed a technical assistance agreement with Aichi Steel Corporation (ASC) of Japan.
With the signing of this agreement, both the companies look forward to strengthen their respective business in future, Usha Martin said in a statement issued here today
“By joining hands with Aichi Steel, Usha Martin aims to improve its production efficiencies and utilise its facilities to produce higher-value steel products," Mr Rajeev Jhawar, managing director of Usha Martin, said in the statement.
Apart from that, support from Aichi Steel, a Toyota group company, will help Usha Martin to have a larger presence in passenger vehicle market, Mr Jhawar added.