IIPM PUBLICATION
However,
Indian metal kings have taken everyone by surprise & within a shot span, are themselves playing an aggressive role in consolidation. Be it TataCorus ($12 billion), Hindalco-Novelis ($6 billion), Essar-Algoma ($1.5 billion) & Essar-Minnesota (price not disclosed) or the Jindal Steel & Power–El Mutun mine deal where it plans to invest $2.3 billion and so on, all have sent across the message to the global players, that by no means are they preparing to raise the white flag. Kumar Mangalam Birla, Chairman, Aditya Birla Group, said, “The combination of Hindalco and Novelis will establish a global integrated aluminium producer with low-cost alumina and aluminium production facilities combined with high-end aluminium rolled product capabilities.”Besides, the companies are in-fluxing capacities and gaining access to higher value markets etc. will definitely provide an extra barter muscle with the forward as well as backward linkages. Shashi Ruia, Chairman, Essar Group expressed immense confidence for the deal with Algoma & Minnesota, “Algoma is an excellent addition to our existing steel business and also offers growth potential and our investment in Minnesota Steel is exciting as it gives us a cornerstone in the North American market.”
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
For More IIPM Article, Visit Below....
http://www.fairspirit.com/sonu00/
http://just-look.blogdrive.com/
http://sonu-hh.livejournal.com/
http://sonu501.wordpress.com
http://sonu119.zbloggy.com/
http://dearsonu.wordpress.com/
http://sonu72.tblog.com/post/1969892910
http://surenderlatwal.tripod.com/IIPM-B-SCHOOL/
http://surenderlatwal.tripod.com/IIPM/
http://businessmanagement.jeeran.com/
http://www-management-courses.ebloggy.com/
No comments:
Post a Comment