Bizz Buzz Bureau Hyderabad

IndiaMetal One Steel Plate Processing Private Limited (IMOP), a leading Japanese steel plate processing company, inaugurated its second manufacturing facility in Sri City, further strengthening its 15-year partnership with the integrated business city.

The new plant involves an investment of Rs108 crore, taking IMOP's total investment in Sri City to Rs408 crore. Spread across 12,000 sq m, the facility increases annual production capacity by 25 per cent, from 48,000 MT to 60,000 MT, and is expected to create 200 additional jobs, taking the workforce strength to 850 employees.

Speaking on the occasion, Taizo Iwami, Managing Director, IMOP, thanked customers, partners and employees for their continued support and said the new facility would enhance the company's ability to deliver high-quality products while maintaining the highest standards of safety and timely service. Congratulating the IMOP team, Dr Ravindra Sannareddy, Managing Director, Sri City, said: "IMOP's continued expansion is a strong testament to the confidence global investors place in Sri City. This investment not only generates employment opportunities but also contributes significantly to the growth of the region's industrial ecosystem." He also appreciated the company's contributions under CSR to nearby government schools through infrastructure development initiatives.

The inauguration ceremony was attended by Masashi Mizuno, Executive Officer & COO, Metal One Corporation; Yukita Sato, Chairman & Managing Director, Metal One India; representatives of Sojitz Corporation India; and senior executives from customer and supplier companies.

As part of the celebrations, Iwami presented appreciation awards to long-standing business partners. Key customers recognised included Sri City-based Caterpillar and Kobelco, along with Tata-Hitachi, Doosan Bobcat, and others, while major supplier partners Tata Steel, Jindal Steel, and JSW Steel were honoured for their support and contribution to IMOP's growth.