PANAJI: NETZSCH Technologies India Pvt Ltd (NTIPL), a subsidiary of a German firm, has shifted its pump manufacturing facility from Chennai to Goa's Verna Industrial estate, a senior official said today.
Vivek Norman, Managing Director, NTIPL, told reporters here that the company has closed the Chennai plant, which had capacity to manufacture 300 pumps per annum and has shifted in a new facility at Goa, with a capacity to produce 1500 units per year.
NTIPL is into progressing cavity pumps, industrial rotary lobe pumps, macerators and griders. It is the subsidiary of the German based NETZSCH Group of Companies, which has a global turnover of 400 million Euros.
Norman said that the India turnover is 2.5 million Euros and it will grow by more than 30 per cent for this Financial Year (FY) due to the Goa facility.
"The key factor for success is that we should be close to the local market," he said adding that 800 units per year is the Indian sale of the company, which could be achieved with the new plant.
Norman said the company in India enjoys a market share of 25 per cent with a compounded annual growth rate of 32 per cent. The company has its sales and service offices across eight towns in India.
"Believer - Humanitarian - Habit of Success" Sukumar Balakrishnan is the Founder of JB GROUP, a 500 Crore National Organization with over 150 Direct & 1200 indirect professionals operating from 5 major cities in India. Jayalakshmi Balakrishnan Group, a multi-faceted group venturing into, E- Commerce and Import-Export (INNOKAIZ), Retail and Wholesale (JB MART), Food and Beverages (KRISHNA FOODS ), Real Estate (Constructions on sites, Interior scaping, Facility Management)
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Showing posts with label NETZSCH Technologies India Pvt Ltd. Show all posts
Showing posts with label NETZSCH Technologies India Pvt Ltd. Show all posts
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