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Home arrow News arrow Alliances and Joint Ventures arrow Worthington Pump India Ltd & UK's Clyde Pumps in JV to make special pumps
Worthington Pump India Ltd & UK's Clyde Pumps in JV to make special pumps Print E-mail
Written by Anand   
Monday, 04 August 2008
Kolkata: Worthington Pump India Ltd has formed a Joint Venture with Clyde pumps U.K. incorporating Weir Pumps Glasgow to manufacture Boiler feed / concrete Volute and other special pumps for the conventional and super critical power business.

This joint venture will be called Clyde Pumps India pvt Limited (CPIL).This JV would also be dominant player in the anticipated Indian Nuclear market.

Clyde Pumps India (P) Ltd is based in Delhi and will have its purpose built manufacturing facility in Ghaziabad. The Company has already initiated its activities and expects to establish its manufacturing facility in the next 15-18 months.

The focus of CPIL will be to supply pumps for the fast growing Indian conventional and nuclear Indian power market which is entering a major development phase. In addition CPIL will supply vertical pumps both domestically and to international markets and the venture will allow Clyde Pumps to offer a full portfolio of aftermarket services for the large installed base of Weir Pumps in India.

Jim McColl said of this new development, “India is an exciting and important market for the rapid growth plans of the Clyde Pumps organisation and we see our partnership with WPIL as a very positive step towards strengthening our position in India.”

WPIL Managing Director Prakash Agarwal added, "We are very excited with the opportunities for growth presented by the combined synergies of the two partners".

WPIL specialises in the low pressure segment and will make an ideal partner to enable the venture to successfully develop sales in the booming Indian pump market. Long experience in pattern and casting production for standard and exotic materials, as well as established supply chain arrangements, will allow this new venture to rapidly develop into a major manufacturer.

WPIL is listed on the Mumbai stock exchange and is one of India’s top manufacturers of engineered and standard pumps.

The JV brings together the heritage, product portfolio and manufacturing expertise of Clyde Pumps Incorporating Weir Pumps Glasgow and WPIL, formerly Worthington Pumps India Ltd.

 
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