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Chennai, Aug 22, 2005:
TI to invest Rs 120 cr in capacity expansion. Seeks Korean tech
for door frames
Tube Investments of India proposes to
invest Rs 120 crore in expanding capacity of its tubes business. This
comes on the heels of a Rs 12-crore investment in R&D for adopting
the `dual phasing' technology for tubular applications and further
(undisclosed) investments in buying technology from a Korean company for
`hydroforming' of door frames.
The company's Managing Director, Mr A.
Sarin, told Business Line today that the capacity of its two tube
plants, including the export-oriented one, would increase from 58,000
tonnes a year to over 1 lakh tonnes. The expansion programme would be
completed over a period of 12-16 months.
Capacity of the export-oriented unit is
to be trebled to 36,000 tonnes.
The company expects business to grow,
not only riding the buoyancy in the economy, but also because of the two
new technologies under its belt.
Hydroforming is shaping metal by keeping
it on a die and applying water pressure. This obviates the need for
heating, which is otherwise necessary for forming metal. Heating
distorts chemical properties. Besides, hydroforming is more
cost-effective, because it helps save on the heating costs.
TI has accessed this technology from a
Korean company for making door frames. TI produces door frames for both
Maruti and Hyundai.
As regards the `dual phase' technology,
it is a technology that reconciles the trade-off between strength and
lightness of steel. You want steel stronger, you put more carbon in it,
but more carbon makes it more brittle. `Dual phasing' process adds
carbon without affecting the malleable properties of steel.
Although `dual phase' steel sheets are
produced by a number of global steel majors, the problem is in using the
sheets for making tubes. This is because, when you weld the edges of a
strip to make a tube, all the positive effects of dual phasing is lost
down the weld-line.
Engineers at TI solved the problem by
first making tubes and then `dual phasing' it. These tubes are lighter,
but stronger and therefore could find favour with vehicle manufacturers.
This adoption of technology was done
in-house. It cost the company Rs 12 crore.
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