Pradeep Vennelakanti Sri City

IndiaMetal One Steel Plate Processing Private Limited (IMOP), a leading Japanese steel plate processing company, inaugurated its second manufacturing facility in Sri City on Wednesday, further strengthening its 15-year partnership with the integrated business city. The new plant involves an investment of Rs 108 crore, taking IMOP’s total investment in Sri City to Rs 408 crore. Spread across 12,000 sq m., the facility increases annual production capacity by 25 percent, 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, IMOP Managing Director Taizo Iwami said the new facility would enhance the company’s ability to deliver high-quality products while maintaining the highest standards of safety andtimely service. Congratulating the IMOP team, Sri City MD DrRavindra Sannareddy said that 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. Metal One Corporation, Executive Officer & COO Masashi Mizuno and Chairman & Managing Director Yukita Sato also took part inthe event.