2014-01-28 10:42 PM
HELSINKI, Finland--(BUSINESS WIRE)--Jan 28, 2014--From January 2014 fully operational Elematic India Pvt Ltd strengthens Elematic sales in India. The new company with 25 employees offers precast machinery and related design service strongly needed in fast growing precast market of India.
In addition local manufacture of molds and steel structures will start in 2014. The company's services will be available also for customers in other market areas with similar needs.
The contract for the new Elematic India Pvt Ltd, was signed on October 2013, after Mr Chander Dutta had combined the Elematic operations of Servicemasters, and DDIPL (Dutt Design), into one company and sold the majority of it to Elematic.
Increasing local presence in emerging markets is one of the strategic targets of Elematic, and integrating Elematic India Pvt Ltd to Elematic Group of companies is fulfilling the set target in India, one of the major emerging markets for precast.
As before, all Elematic key machinery will be manufactured in Finland.
Mr Dutta will hold the position of the Managing Director of the new company.
"The contract for the new Elematic India Pvt Ltd was signed on October 2013 by Mats Jungar and Chander Dutta."
The Finland-based Elematic is the world's leading supplier of precast concrete plants and production lines. Elematic's turnover is approximately 100 million euros a year, of which exports account for 95%. The company has about 200 employees. Elematic has daughter companies in the USA, Germany, China, India, Russia, and the United Arab Emirates, and resellers operate in more than 20 countries. In Finland, Elematic's offices are in Akaa, and manufacturing in three other locations. Elematic's business rests on a solid foundation: over its more than 50 years of operation, the company has delivered equipment to 100 countries, on all continents. A broad client base has guaranteed stable and profitable business operations.
Mats Jungar, CEO
+358 40 7074943
Elematic India Pvt Ltd
Chander Dutta, MD
+91 98 10014696
KEYWORD: EUROPE FINLAND
INDUSTRY KEYWORD: MANUFACTURING STEEL OTHER MANUFACTURING
SOURCE: Elematic India Pvt Ltd
Copyright Business Wire 2014
PUB: 01/28/2014 09:14 AM/DISC: 01/28/2014 09:14 AM