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Article: Canada : Essar Steel moves to consolidate presence in North America.
- Article from:
- TendersInfo
- Article date:
- October 4, 2008
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Byline: deepak03
The Canadian subsidiary of Essar Steel Holdings Ltd is expanding output by one-fourth to meet expected demand, building a facility to generate its own power and putting in place additional environmental safeguards, as it seeks to cement its place in the North American market, according to company officials.
The unit, Essar Steel Algoma Inc., is targeting an increase in production to 4 million tonnes (mt) by 31 March 2009, from 3.2mt now, after budgeting 170 million Canadian dollars (about Rs750 crore) for capital expenditure, said Sandeep Dixit, vice-president for finance at the Sault Ste Marie, Ontario-based firm.
Overseas ...