Starragheckert expands global footprint with new operations in India, to invest 25 million dollars

Mumbai 27th Jan 2009- Starragheckert, a global leading company in the field of milling machine centers for the aerospace, transport (automotive), energy and precision machinery markets today announced its global expansion with the launch of their operations in India.

Starragheckert, one of the global top 50 cutting machine tool manufacturers globally will invest in their new maiden venture in India in 2 phases. A 6 million dollar investment for setting up an assembly and manufacturing plant and further 25 million dollar would be invested in world class machinery.

Speaking on this occasion, Dr. Frank Brinken, CEO Starragheckert Group said, "We are excited to enter and invest in the Indian market, this endeavour will help us build on more customers and help strengthen our relations with the existing clientele like HAL, BHEL, Siemens, Ashok Leyland, Winergy and Ministry of Defence, govt of India to name a few"

Mr. Andreas Beck, Managing Director and Head of India Operations, Starragheckert, adds, "India is one of the fastest growing economies in the world and we are looking at making this set up a hub for advanced world class technology and skilled talent pool. We would focus on tapping prospective markets like quality passenger cars, Light and heavy trucks and buses, agricultural equipment, power generation, defence, aerospace and machine Building Industries"

On this occasion they also announced the introduction of the WMW horizontal machining centre range – CWK Series 400 to 800. This machining centre features a unique high technology machining concept for the automotive, aerospace and precision machinery markets. This range will be marketed under the famous WMW brand and is premiered at IMTEX 2009 exhibition in Bangalore.

Source : Equity Bulls

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