India's JSW Partners with Geo Steel for 175,000-Ton Plant in Republic of Georgia

BANGALORE, INDIA--June 25, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--JSW Steel Limited (BOM:500228) (Mumbai), India's second-largest private steel manufacturer, plans to set up a 175,000-ton-per-year greenfield steel mill to produce reinforcement bar, or rebar, in the Republic of Georgia in partnership with Geo Steel LLC (Rustavi, Georgia). The mill is expected to be commissioned this year and cater to the 500,000-ton-per-year rebar market in Georgia and Armenia. The proposed steel unit in Georgia is in line with JSW's strategy of increasing total production capacity from the current 4.2 million tons per year to 32 million tons per year by 2020.