Top Industry Leaders in the Pre-painted Galvanised Iron PPGI Market
May 2023
Through its wholly-owned subsidiary JSW Steel Coated Products, JSW Steel will acquire National Steel and Agro Industries (NSAIL), a producer of flat steel, for a cash consideration of ₹621 crore through the bankruptcy court, the company announced to stock exchanges.
The National Company Law Tribunal (NCLT) Mumbai bench granted the steelmaker approval for its resolution plan last week, and the acquisition will be finalized within 30 days of the resolution plan's effective date.
Synergy in operations, procurement, marketing, and sales are anticipated as a result of this buyout for JSW Steel. The shares of National Steel and Agro will now be delisted from the exchanges in compliance with the resolution plan. In the past, JSW Steel has also acquired Monnet Ispat and Energy and Bhushan Power and Steel through bankruptcy.
February 2023
The first-ever F-150 Lightning electric pickup truck is among the 2021–2023 Ford F-150 pickups for which NRS Brakes has added brake kits. The brake kits come with abutment hardware, calliper piston cushions, and the company's premium galvanised brake pads for both front and rear application on the nearly 1.6 million vehicles covered.
Since electric vehicles like the Lightning rely less on hydraulic braking than vehicles with internal combustion engines, the galvanised steel at the core of all NRS Brakes pads helps provide longer life, which is advantageous for all applications.
The patented NRS friction-attachment technology is used in galvanised steel. Brake pads that last longer, are safer, and quieter as a result. The backing plates made of galvanised steel outlast the friction.
Key players are ArcelorMittal, Baosteel Group, Hyundai Steel, JFE Steel Corporation, JSW Steel Limited, Marcegaglia Carbon Steel, NIPPON STEEL CORPORATION, POSCO, Tata Steel Limited, and United States Steel Corporation