Tata Steel and the shipping line Nippon Yusen Kabushiki Kaisha entered into a joint venture agreement for setting up a shipping company to cater to dry bulk and break bulk cargo. Tata Steel and NYK will each hold 50 percent stake in the joint venture company. Mr. B Muthuraman, Managing Director, Tata Steel said "In future Tata Steel would require to transport large quantities of raw materials and finished steels, which necessitates strategic control over logistics. This joint venture is a step in that direction. Besides we see a huge potential for this company in India."
Get curated news on YOUR industry.
Enter your email to receive our newsletters.
Loading...
Latest from Recycling Today
- Cascades invests $3.5M in Kingsey Falls, Quebec, tissue plant
- 3form closing the loop in style
- Mount Vernon, Ohio, city council tightens waste hauling regulations
- Retail associations sign MOU to form producer responsibility organization for textiles in California
- WM opens 12 recycling facilities in 2024
- Redwood Materials, GM aim to repurpose EV batteries for energy storage systems
- Talk of US tariff on copper imports contributes to COMEX volatility
- Plastics recyclers report difficult conditions
