Parties to the MOU
- Arfin Titanium and Speciality Alloys Limited (Wholly Owned Subsidiary)
- Toyo Denka Kogyo Co., Ltd. (Japan)
- JFE Shoji Corporation (Japan)
- JFE Shoji India Private Limited
Purpose of MOU
To establish a strategic business collaboration relating to the manufacture, supply, distribution and promotion of Products and Trade Products and to create a reliable long-term supply chain.
Significant Terms
- Arfin Titanium and Speciality Alloys Limited (ATSAL) proposes to manufacture Products in India with technical support from Toyo Denka
- JFE Shoji entities shall coordinate commercial distribution and supply-chain activities
- The parties shall explore long-term business opportunities and market development
Key Details
- Promoter/Group Interest: No interest exists in the entities with whom the MOU is entered
- Related Party Transactions: Not within related party transactions
- Period: Initial term of one year with automatic renewal for successive one-year terms unless terminated in accordance with the MOU
The MOU reflects the intent of both parties to explore and evaluate opportunities for collaboration and strengthen their business relationship. Further developments requiring disclosure under applicable regulations will be intimated in due course.