News »Browse Articles » Kobe Steel, India`s Essar sign partnership pact

Mon, Dec:

Kobe Steel Ltd, Japan`s fourth-largest steelmaker, said on Monday it and India`s No.4 steelmaker Essar Steel had agreed to enter a comprehensive business partnership.

Essar is a unit of Indian conglomerate Essar Global.

The two firms` partnership could include the establishment of a joint venture in India, Jiji news agency reported.

Earlier this year, the Indian company tried to buy U.S. steelmaker Esmark Inc but withdrew the bid.

Source:
http://in.news.yahoo.com/137/20081201/748/tbs-kobe-steel-india-s-essar-sign-part

No Comments For This News

Post a link to something interesting from another site, or submit your own original writing for the Recruitment community to read.