IMOP opens second manufacturing facility at Sri City
TIRUPATI Japanese steel processing joint-venture company India Metal One Steel Plate Processing Private Limited (IMOP) opened its second manufacturing facility strengthening its 15-year-old partnership with Sri City. The new plant, spread across 12,000 square metres, involves an investment of ₹108 crore, taking IMOP’s total investment in Sri City to ₹408 crore. The new facility is expected to increase its annual production capacity by 25 per cent — from 48,000 million tonnes (MT) to 60,000 MT — and to create 200 additional jobs, taking the total workforce to 850 employees.
IMOP managing director Taizo Iwami expressed hope that the new facility would enhance the company’s deliverability of high-quality products by helping it adhere to the highest standards of safety and timely service. Sri City managing director Ravindra Sannareddy, while congratulating the IMOP team, called the expansion a testament to the confidence of global investors in Sri City.
He also appreciated the company for contributing to social development in the vicinity through CSR funds. The inaugural ceremony was attended by Metal One Corporation’s executive officer and chief operating officer (COO) Masashi Mizuno, Metal One India’s chairman and managing director Yikita Sato among others. On the occasion, Mr. Iwami presented awards to long-standing business partners such as Caterpillar, Kobelco, Tata-Hitachi and Doosan Bobcat, in addition to its supplier partners such as Tata Steel, Jindal Steel and JSW Steel.
