JSW invests Rs. 1000 Crore for establishing its tinplate making unit at Tarapur, Rolls out premium tinplate ‘Platina’
MUMBAI: JSW Steel Ltd, India’s leading steel company and the flagship business of US$ 14 billion JSW Group has invested about Rs.1000 Crore for establishing and expansion of its tinplate making unit at Tarapur. The facility today began the roll-out of JSW Platina, premium tinplate targeted at packaging industry. The launch of JSW Platina enables JSW Steel to tap the growing opportunity for tinplate products demanded by India’s packaging industry.
As India has pledged to eliminate single use plastics by 2022, this product offers a significant opportunity to become the most preferred & sustainable packaging material for the future.
JSW Steel currently has annual cumulative installed capacity of 3.5 lakh metric tonnes tinplate, out of which 1 Lakh metric tonnes is being produced by its JV ( JSW Vallabh Tinplate) and the balance 2.5lakh metric tones at its newly established tinplate facility at Tarapur in Maharastra. Given thesignificant potential for JSW Platina to emerge as a preferred packaging material, JSW Steel is doublingits tinplate capacity at Tarapur to 5 Lakh metric tonnes.
‘”JSW Steel becomes the first steel company to introduce continuous annealing technology for making Tinplate products in India. This technology ensures availability of world’s best quality Tin-plate steel for Packaging. Our investment of close to Rs 1,000 crores in establishing our current tinplate making unit at Tarapur as well as its capacity expansion reflects the burgeoning opportunity for JSW Platina to become a preferred packaging alternative in India in the long term” Mr Jayant Acharya, Director – Commercial, Marketing & Strategy for JSW Steel Ltd said.