Mahindra Auto Steel has started building a service centre at Chakan. A joint venture between mahindra Intertrade , China Steel Global Trading Corporation, Taiwan, and Mitsui & Co. (Asia Pacific) Pte. Ltd., Singapore, the service centre is being at an investment of Rs Rs 150 crore (USD 24 million) over 10 acres of land and will have an annual processing capacity of 130,000 tonnes when it begins operations in the fourth quarter of F-2015. While Mahindra Intertrade will hold a share of 51% in the joint venture, the other two partners will hold 24.5% each. The service centre at Chakan is Mahindra's seventh steel processing facility and the third in the Pune region. The raw stock for the facility would be imported from China Steel Global, Taiwan, as well as sourced locally. The steel service centre will offer automotive customers in the Pune region an entire bouquet of end-to-end services such as sourcing, warehousing, yield optimisation, forex risk management and SKU-wise delivery and products such as blanks, trapezoids and profiles.