Kolkata: Luxembourg-headquartered cutting tool maker CERATIZIT S.A. plans to make its second plant in Bengal an export hub for other Asian markets. It currently has a local arm – CERATIZIT India Pvt Ltd (a 95 per cent subsidiary), which operates its first plant in South Kolkata. The new plant is located at Uluberia, nearly 40 km west of Kolkata and will cost around Rs 100 crore. The company said that the unit would export 40 per cent of its products to China and other Asian countries.
“Once this unit becomes fully operational, we will export to our sister firms in China and other countries such as Indonesia, Singapore and Malaysia. The plants in India and US could be export hubs for some of our products,” Thierry Wolter, Member of the Executive Board of CERATIZIT S.A., told reporters. The company’s products are primarily meant for the automotive, aerospace and transport sectors.
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