JFE, JSW establish strategic collaboration

Japan-based JFE Steel Corp. and India-based JSW Steel Ltd have bonded together in a historic collaboration agreement. The companies will collaborate with each other in India in the area of automotive steel including production technologies and supply of substrate materials for hot rolled, cold rolled and galvanised products. The scope also covers joint service activities including application engineering and product development for automotive customers. Separate detailed agreements shall spell out the scope, and time-frames will be executed between the two companies area by area. JFE and JSW have also arrived at a broad consensus on the areas where possible mutual collaboration can be explored in India in the near future, in accordance with applicable laws. The areas include: production of steel products other than automotive steel; energy reduction programmes; environmental programmes; quality and yield improvement programmes; performance audit of JSW facilities; benchmarking of techno-economic parameters between the parties; procurement of raw materials both in and outside of India; project for building and operating an integrated steel production facility in JSW's West Bengal steel project; mutual stockholding; and other items, which may come in the mutual interest of the parties.Shop Women's Sneakers by Brand