Register to Subscribe



Home arrow News arrow Mergers and Acquisitions arrow Sanmar group acquires Eisenwerk Erla GmbH
Sanmar group acquires Eisenwerk Erla GmbH Print E-mail
Written by Arjun   
Friday, 11 May 2007

Chennai :The acquisition of Germany's Rs460-crore turnover Eisenwerk Erla GmbH, a foundry that makes turbocharger housings for automobiles was relatively smooth early this year. The company is a supplier to Borg Warner, IHI, the Audi-VW group, BMW, Daimler Chrysler, Honeywell, MAN, MTU, Liebherr, Luk and others. Sanmar acquired the company for Rs150 crore.

The German foundry will enable group company Sanmar Foundries Limited to target the transportation sector in depth. The Indian company is setting up a 30,000 tpa steel foundry at Viralimalai in Tamil Nadu to supply steel castings to earthmoving equipment manufacturers. The company plans to progress to iron castings and the group has chosen SG iron castings to supply the auto sector. 

Eisenwerk Erla GmbH ( German-based company, which was acquired by Sanmar Group a few months back ), hopes to bring in sizeable revenue. Apart from going global, the Sanmar group plans to leverage both the acquisitions for its Indian operations. The group's investments in Trust Chemicals and Eisenwerk Erla as well as its Indian investments are complimentary.
Last Updated ( Friday, 03 June 2011 )
 
Related news
More recent
Earlier on
< Prev   Next >

Sponsors

Mazak - The world's largest machine tool builder
JYOTI - India's most dynamic machine builder
TaeguTec - Cost effective tooling solutions
Advertisement

<< SHARE

Social

AD

Subscribe

Subscribe to MACHINIST by Email

Search

 
RSS 1.0
© 2019 MACHINIST
This site is best viewed with Firefox 2.0 or higher at a minimum screen resolution of 1024x768