The company has closed the Chennai plant, which had the capacity to manufacture 300 pumps per annum and has shifted in a new facility at Goa, with a capacity to produce 1,500 units per year, NTIPL Managing Director Vivek Norman told reporters.
NTIPL is the subsidiary of the Germany-based NETZSCH Group of Companies, which has a global turnover of euros 400 million. It is into progressing cavity pumps, industrial rotary lobe pumps, macerators and griders.
Norman said that the India turnover is euro 2.5 million and it will grow by more than 30 per cent for this fiscal 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.
0 comments:
Post a Comment