Welcome to Refwin.com Sign In Join Free Home Inquiry Contact Mobile Publications Free E-Weekly News
  • Directory
  • Price
  • Market
  • Buy
  • News
  • Calendar
  • Dictionary
Company News Industry News Refwin in the News Home > News

India’s AMNS to receive $5 billion loan from Japanese bank consortium to expand capacity

2023-03-31

Mar. 31, 2023 - Luxembourg-based steelmaker ArcelorMittal (arcelormittal) has announced that its joint venture with Nippon Steel Cooperation, India (india)-based ArcelorMittal (arcelormittal) Nippon Steel Limited (AMNS), will receive $5 billion in a loan agreement with a consortium of Japanese banks including Japan Bank for International Cooperation. 


The loan will be used to finance the expansion of the company’s annual steelmaking (steelmaking) capacity at its Hazira plant from nine million mt to 15 million mt. In addition, the company will enhance its ability to produce value-added steels for sectors including defense, automotive and infrastructure. The expansion project, which started in October last year, will create more than 60,000 jobs. 


Meanwhile, ArcelorMittal (arcelormittal) has also signed a memorandum of understanding with Japan Bank for International Cooperation to strengthen their partnership in steelmaking (steelmaking) and decarbonization. With this agreement, the parties will be cooperating to develop business opportunities between ArcelorMittal (arcelormittal) and Japanese companies involved in steelmaking (steelmaking), including in low-carbon steelmaking (steelmaking) technologies. 

About Us Site Map Service Our Partners Links Inquiry Contact FAQ Privacy Statement Technical Support

Sponsored by: ACRI (The Association of China Refractories Industry), Tangshan YinNaiLian E-Business Co., Ltd.

Copyright © 2005-2020 Refractories Window All Rights Reserved

Tel: +86-315-5918500 Fax: +86-315-5918828 Email: info@refwin.com

ICP经营许可证编号: 冀B2-20060049 ICP备案号: 冀ICP备17015545号

冀公网安备 13024002000198号 营业执照