CMI FPE, formerly Flat Products Equipments India (the Company) was incorporated on May 28, 1986 as a private company. On October 26, 1993 the company was converted into a public company. FPE was promoted by Late T R Mehta, a gold medalist in Metallurgy and a leading technocrat, both in India and overseas. Late Dr. Mehta had been internationally recognized for his significant contributions to the Steel Industry and India’s Export initiatives by Indian as well as International Trade related bodies/Associations. The Belgian Group CMI (Cockerill Maintenance & Ingénierie) completed the acquisition of Flat Products Equipments (India) Limited on June 25, 2008. Flat Products has now been renamed CMI FPE Limited. Post acquisition, a dedicated integration team is addressing the task of sharing best practices between the two companies. An associated objective is to make the ways in which the companies are organised compatible.
As of current, CMI FPE has a global footprint across Asia, Africa, Middle East, Europe, North America, South America, Russia and will therefore complement CMI’s global presence. CMI FPE’s turnover over the last three years aggregated to about Rs. 400 Crores on an annualized basis. As stated earlier, CMI FPE designs and produces Cold Rolling Mill Complexes, Processing Lines, Chemical equipment and industrial furnaces for the world wide steel industry.
CMI FPE complements CMI’s strategy for growth with minimal overlaps in products and a good range of technology synergies. CMI FPE Limited will be a preferred partner to supply thousands of innovative solutions for clean, reliable and efficient equipment worldwide.
In 2010 CMI FPE entered into an agreement with CORPACERO CORPORACION DEACERO, BOGOTA, COLOMBIA
Business areas of the company:
The principal activities of the company comprise manufacturing and installation of cold rolling mills complexes, processing lines, chemical processes, thermal processes and automation equipments for ferrous and non-ferrous industries Worldwide. The Company, over the last 22 years, has acquired a global leadership position in the design, manufacture, erection and commissioning of Cold Rolling Mill Complexes and Auxiliary Equipments for the Cold Rolling Industry and the Metal Processing Industry.