Stock and sale operations for Foundry Pig Iron commence in Taiwan
February 28, 2014
Tata International’s Metals Trading business has strengthened its presence in Taiwan, one of the world’s largest foundry castings manufacturers, by starting stock and sale operations at Taichung in November 2013. The company has been a long-term player in the foundry industry and is a well-known name in Taiwan market as it sources through Tata Metaliks, India and from Brazil.
Through this stockyard, the business plans to cater to the needs of the foundries that do not import directly and depend on local traders for their monthly requirements. The aim is to get closer to meet customers’ expectations by offering shorter lead time in delivery, including door delivery and local currency transactions. Re-export of pig iron to neighbouring countries like South Korea, Japan and Thailand can also be done through this arrangement.
With a stocking capacity of up to 3,000 MT to start with, the plan is to become the third largest stockist in the Taiwan market in 3 to 5 years. The experience of managing this will also pave the way for similar stock and sale operations in other countries.