Japanese steel company IMOP inaugurates 2nd plant in AP with Rs 108 crore investment

Tirupati, Nov 11 (UNI) Japanese steel processing company, India Metal One Steel Plate Processing Private Limited (IMOP), today inaugurated its second manufacturing facility at Sri City in Tirupati District of Andhra Pradesh with an investment of Rs 108 crore, increasing its total investment in the industrial hub to Rs 408 crore. The new facility, spread over 12,000 square metres, will raise the company's annual production capacity by 25 per cent from 48,000 tonnes to 60,000 tonnes and create 200 additional jobs, taking its total workforce to 850, the company said. Speaking on the occasion, IMOP Managing Director Taizo Iwami said…