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Tayo Rolls
Tayo Rolls Limited (formerly Tata-Yodogawa Limited) is a now insolvent[1] metal fabrication and processing company headquartered in Jamshedpur, India, and was a subsidiary of Tata Steel. Tayo Rolls' products were primarily cast rolls, forged rolls, special castings and pig iron.[2] HistoryTata-Yodogawa Limited was founded in 1968 as a joint venture between Tata Steel and the Japan-based Yodogawa Steels.[3] Shares in Tata-Yodogawa were offered to the public in 1969.[3] In September 1989, Tata-Yodogawa formed a technical alliance with the Austria-based Eisenwerk Salzauwerfen.[3] In 1995 Tata-Yodogawa began the production of special castings for power plants.[3] The name of the company was changed to Tayo Rolls in December 2003.[4] In January 2010 Tayo Rolls opened a new facility for the manufacture of forgings and forged rolls, constructed at a cost of Rs 168 crore.[5] OperationsIn the fiscal year ended 31 March 2010 Tayo Rolls produced 6,516 tons of rolls, 22,604 tons of pig iron, and 16 tons of special castings.[2] The company has announced its closure. It plans to close its operation in September 2016.[needs update] References
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