Jamnagar Brass parts which has been known for manufacturing of Brass turned parts anchors fasteners Brass forgings Brass screws Brass castings Brass neutral links hex nuts machine screws etc with exports to 29 countries and a turnover of 19 mn US$ has decided to step up its operations by adding a new extrusion plant for Bronze billets with a capacity for 300 tons/month.This involves an outlay of 14 mn US$ and a workforce of 225 people. The project will be set up in Naghedi Jamnagar .
The machinery for this has already been imported from Italy and the finance has been worked out with SBS . Initial production will commence in about 4 months from now and the target market is Western Europe. Bronze ingots are used for Bronze casting worldwide by Brass Copper and Bronze foundries. Non ferrous casting industry is growing at about 12% P/A thanks to demand in automotive and electrification.
Mr. Hitesh Shah the Exports director of the company is positive to break even in the very first year with envisaged profit for FY 2010 of US$ 3 Million. The company also has plans for IPO once the production comes on stream and company products like Brass fasteners anchors turned parts Bronze billets are well received in the European markets.
http://www.indiaprwire.com/pressrelease/mining-metals/2008060910145.htm
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