Tata Ryerson opens new centre in Faridabad

Kolkata, Nov 13 (UNI) Steel solutions service provider Tata Ryerson Limited on today opened its new centre in Faridabad to cater to the needs of the booming automobile sector of the country.

The Faridabad service centre would meet the requirements of the automobile manufacturers in northern India, which contributes close to 45 per cent of the total volume of production in the country, a company spokesman said. Tata Ryerson Chairman Mr J J Irani opened the centre.

A joint venture between Tata Steel and Ryerson Inc of US, the company had already emerged as a leader in the areas of processing and distribution of flat products such as cold rolled, hot rolled and coated steels.

North India is an extremely important market for Tata Steel, as the company would serve the auto and white goods industry through Tata Ryerson, according to the spokesman.

Within a span of eight years of its inception, Tata Ryerson had crossed a turnover of Rs 750 crore with a compounded annual growth rate of 50 per cent.

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