Siemens merging its three Indian iron and steel business units

14 May 2012 Evaluate

Siemens is merging its three Indian iron and steel business units into one, which will be called as Siemens Metal Technologies Group under its industry sector vertical.

The company is undertaking this consolidation exercise, as a part of the global and local restructuring, which is primarily driven by mergers of the company's 100% subsidiary, Simens VAI Metals Technologies (SVAI) and Morgan Construction Co India, a wholly-owned subsidiary of SVAI.

Kolkata-based SVAI is an EPC outfit for iron and steel plants. Mumbai-based Morgan Construction's expertise lay in designing and erection of steel wire rod and bar mills. These two apart, Siemens had a division engaged in steel pant-related electrics and automation activities. 

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