SBCL has this JV with Aperam Imphy formed in 2008 called Innovative Clad Solutions, where SBCL has 16% stake. The company makes clad metal solutions and the JV has a factory in Pithampur, Madhya Pradesh and this year has shown a 120% growth in revenues Y-o-Y and a 5.5x growth in PAT.
Aperam Imphy is the alloys division of Aperam S.A, which is a 5bn $ company HQ’d in Luxembourg with Lakshmi Mittal as its Chairman.
JV website - https://www.innovativecladsolutions.com/
Aperam Imphy - Imphy - aperam
Aperam website - https://www.aperam.com/
Here’s Innovative Clad Solutions being mentioned on the Aperam Alloys website
I haven’t seen any discussion on this JV on this thread. My question for experienced Shivalik investors is :
- Given that the JV has been in place for more than a decade, are there any insights regarding tech transfers in alloy-making that may have happened or are likely to happen from Aperam Imphy to SBCL?
- Clad metals find diverse uses outside of the electrical industry in cookware, heat exchangers, energy storage solutions etc. Does SBCL have any plans of tapping these industries?
- Does SBCL see the JV as strategically important and have any plans to increase their share in the JV?
Since some people are planning to go to the AGM, this maybe something worth asking?
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