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Caparo group opens new steel plant in US
Phoenix, USA: In its first venture on the US West Coast, NRI industrialist Swaraj Paul's Caparo Group has opened a $40 million steel plant in the state of Arizona.

The group has also announced substantial expansion of its operations in India where it will build five new automotive parts manufacturing units for a seven-fold increase in its turnover there.

Arizona Governor Janet Napolitano inaugurated this steel tube manufacturing plant in Casa Grande in the presence of Caparo Chairman Lord Paul, CEO Angad Paul and British Counsul General Peter Hunt. The Arizona plant is Caparo's seventh in the US and Canada.

Besides its home base in Britain, Caparo has steel plants in Spain, North America and India.

Paul, who has already put up four auto ancillary manufacturing plants in India, announced that the group will add five more such units in the country. These will be located in Tamil Nadu, Madhya Pradesh, Rajasthan and Uttar Pradesh.
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