Ranchi, India -Â Gustav Wolf and India's Usha Martin India are to begin making beads and beadwire at their steelcord Joint venture in Ranchi. Steelcord capacity will also be increased by 50 percent.
In a press release, the two companies said A 30 000 tpa capacity tyre bead manufacturing facility will be set up at Ranchi in two phases at an estimated investment of Rs 400 million (â‚¬6.9 million). The first phase of 15 kt/year is expected to be on stream in 12 - 18 months, with the second phase due on stream 24 months after that.
Usha Martin Ltd and Gustav Wolf have a 50:50 joint venture in India, Gustav Wolf Speciality Cord Ltd, that makes 2400 tpa steel cord for belt reinforcement at a manufacturing facility in Ranchi. The steel cord manufacturing capacity at the plant will be augmented to 3600 tpa. The proposed 30,000 tpa tyre bead manufacturing facility will be set up with Gustav Wolf's product know-how and process technology, according to Dr P. Bhattacharya, Joint Managing Director of Usha Martin Ltd.
Dr P. Bhattacharya, Joint Managing Director of Usha Martin Ltd. was quoted as saying, "the Indian market for tyre bead is estimated to be around 72 000 tpa. Tata SSL is the largest player in the domestic market, which is also witnessing Chinese import of late."
The tyre bead project is part of Usha Martin's strategy to go up the value chain. A tonne of tyre bead costs Rs 45 000-50 000 (â‚¬850) a tonne, made from steel, which costs about Rs 25 000 a tonne.
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Website of Gustav Wolf
Website of Usha Martin
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