Interarch Building Solutions Ltd Enters JV with ER Steel Inc.
Interarch Building Solutions Limited has announced a joint venture with ER Steel Inc., Canada, to develop the Open Web Steel Joists (OWSJ) business for the North American market. The Board of Directors approved the agreement on August 6, 2026. Interarch will lead engineering, detailing, manufacturing, and quality compliance from India, while ER Steel will focus on market development, customer relationships, sales, and marketing in North America. The JV aims to establish a cost-efficient platform for OWSJ products. Initial funding for the JV is estimated at INR 80 crore, with Interarch holding a 76% stake and ER Steel holding 24%. ER Steel is committed to an Offtake Agreement for minimum OWSJ product purchases.
Key Highlights
- Interarch and ER Steel Inc. form a joint venture for OWSJ business in North America.
- Interarch to handle manufacturing and engineering; ER Steel to manage sales and marketing.
- JV ratio: Interarch 76%, ER Steel 24%.
- Initial JV funding estimated at ₹80 crore.
- ER Steel commits to an Offtake Agreement for OWSJ products.
Price Impact
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