Gontermann Peipers plans to set up national level multi commodity exchange (05-Aug-2010)
Gontermann Peipers India is looking to set-up a national-level multi-commodity exchange for which it has now submitted a proposal to the Forward Markets Commission (FMC) seeking its in-principle approval.
If the company gets the nod from FMC, it will be the fifth national-level commodity exchange in the country. Currently, Multi Commodity Exchange of India (MCX), National Commodity & Derivatives Exchange (NCDEX), National Multi Commodity Exchange of India (NMCE) and Indian Commodity Exchange (ICEX) are the four national-level commodity bourses in India.
Gontermann Peipers India is the first and the only Indian Roll manufacturer to achieve TPM Level-I. The company sells majority of its products in the domestic market, and the rest is exported to leading steel plants of USA, Canada, China, South Korea, South East Asia, Middle East, Africa, Latin America and Europe. Recently, it received new certifications like: ISO 14001:2004, ISO 9001:2008 and OHSAS 18001:2007 for its activities related to design, development, manufacture and supply of cast steel, cast iron (static and centrifugal) and induction hardened forge steel rolls.
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