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Soilmec to invest in training and machinery in India operation



Posted On : 2009-11-27 09:15:20( TIMEZONE : IST )

Soilmec to invest in training and machinery in India operation

Bangalore, November 27 2009: Soilmec, an international leader in the design, manufacture, and distribution of equipment for the ground engineering industry announced an investment of Rs. 20 million rupees in the current year in machinery and training which will help to improve their operations in India. Soilmec is also the first company in the country to launch indigenously manufactured desander that is on physical display at EXCON 2009.

Soilmec started its operation in India in the year of 2007. Soilmec India is being incorporated as a manufacturing and Trading Company. Today the strong presence of skilled technicians and operators have increased the aura around support issue which has always been considered the most wanted feature of the Indian customers from the equipment manufacturer.

In the last two years, India has increasingly developed a great demand for Soilmec product and technology because of its Quality, Expertise, Reliability and Innovation. With this respect, a strategic road map has been concreted to meet these requirements, by offering comprehensive solutions that are the results of intense research & development done by Soilmec over the last 4 decades. Soilmec International experience & technical know-how is on its way to meet Indian demands – that will benefit the construction industry tremendously.

Speaking on this occasion Mr. Sanjoy Chakrabarty, Managing Director, Soilmec India said "With the infrastructure & energy projects gaining momentum, our specialised range of equipment and accessories for deep foundation works are ideally suited for these projects. We have introduced our flagship drilling and piling machines for the initial stage. On the later stage, depending on the demand based on customer requirements we plan to add innovation to the existing product range. One of the key services that we will offer in India is 'customisation'. Soilmec being a manufacturing company, we are in a position to customise the machinery as per customer specifications & utilization. This value added service in the construction industry, sets apart Soilmec from its competitors. By imparting appropriate training to operators all over the country, Soilmec ensures that the equipment at a customer's site works to its full potential with negligible or zero downtime".

"We have successfully demonstrated the prowess of Soilmec products, and converted them into sales. There's a surge in demand for drilling and pilling machines, all over India, which will be delivered in the next months. The importance of construction industry can be gauged by the mentioned size and we are ideally positioned to meet the demands posed by the industry" he added

The construction industry's preference for using high tech equipment has given an impetus to international companies that started on small scale trading. With the demand in India for drilling rigs expected to touch 200 per year soon from 100 now, Soilmec is strengthening its marketing efforts.

The Indian construction industry recorded a consistent double-digit year-on-year growth (12%) during 2000-2005, and is expected to grow at 25-30% during 2005-2010.

India 2007's five-year economic plan up to 2012 aims at drawing €400 billion of investments to upgrade its infrastructure such as roads, ports, power and railways to achieve a 8-9 % average annual growth rate. This provided significant opportunities for an equipment supplier like Soilmec which aims at bringing excellence all over the world.

Starting from January 2007, Soilmec Indian arm was set up for scaling up the operation aiming at one motive 'selling'. Soilmec India is being incorporated as a manufacturing and Trading Company. Today the strong presence of skilled technicians and operators have increased the aura around support issue which has always been considered the most wanted feature of the Indian customers from the equipment manufacturer.

Source : Equity Bulls

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