Tuesday, December 24, 2024
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HomeNewsTenova increases presence in India with 100% ownership in Tenova Multiform

Tenova increases presence in India with 100% ownership in Tenova Multiform

Tenova has thus consolidated and strengthened its position in India where it is also present with Tenova Hypertherm and LOI Wesman, both of which are active in the industrial furnace business. In the Mining and Cement business Tenova is present in the country with TAKRAF India based in Chennai.

India, which is set to become the world’s second steel producer after China, with a growing demand of advanced technological equipment and plants is a very interesting market for Tenova.  Presently Tenova Multiform together with Tenova Strip Processing and Tenova Hypertherm are involved in India and Bangladesh in the execution of important contracts (Sail Bokaro) and in the field of hot dip galvanizing.

In Vietnam and Indonesia Tenova Multiform in cooperation with Tenova I2S (Cold Mills) and Tenova Key Technologies (Acid Regeneration Plants) acquired several contracts from important customers for the supply of processing lines for a Cold Mill Complex. Being part of Tenova’s vast global resources network provides Tenova Multiform a springboard for growth and enables it to meet increasingly ambitious challenges.

 

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