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Home arrow News arrow Business News arrow Putzmeister to invest Rs 125 crore in its India operations
Putzmeister to invest Rs 125 crore in its India operations Print E-mail
Written by Anand   
Saturday, 30 August 2008
Mumbai,August 29, 2008: Putzmeister Concrete Machines Pvt. Ltd., a 100% subsidiary of Putzmeister Concrete Pumps GmbH, and the global provider of concrete pumps, tunnel machines, industrial pumps and mortar machines; announced that it will invest approximately Rs. 125 crores in expansion initiatives that involves upgrading and enhancing capacity of its state-of-the-art Goa plant, which will act as a sourcing center for various components for the company's global manufacturing needs.

The German-based Putzmeister AG aims to be the answer to all specialist machinery requirements in the world. To become the leader in building specialist machinery, the company has embarked on a major expansion exercise in India. The existing plant is spread across 1,00,000 sq. mts area in Verna Industrial Estate in Goa. The plant is being developed in phases, with phase 1 costing 64.5 crores. Putzmeister will begin its phase II Rs 125 crore investments later this year. The company looks forward to completely developing all the 5 phases of the plant by 2012.

Commenting on the expansion plans, Mr Andrej Hropot, Managing Director, Putzmeister Concrete Machines Pvt. Ltd. said, "With a high growth rate of 9% and a huge potential in developing infrastructure, there is an ample opportunity for us to participate in the growth of Indian infrastructure industry. Our company plans to focus on the expansion of our manufacturing plant in Goa. The expansion will ensure jobs for another 1,000 to 1,300 technically qualified youth on-site. We are also further strengthening our existing network of sales and service outlets across the country."

The buoyancy in the Indian construction industry is proving favorable for equipment companies catering to this segment. The construction industry is moving forward with huge activity in Indian infrastructure development for which $ 475 billion is expected to be invested. Contributing to the upswing in the construction industry are factors like growing demand for quality construction equipment, the entry of global construction equipment players in the Indian market and increasing thrust on exports.

Within India, Putzmeister Concrete Machines Pvt. Ltd. has its presence spread in 8 cities viz; Delhi, Jamnagar, Mumbai, Goa, Bangalore, Chennai, Hyderabad & Kolkata. Its clientele lists out prestigious companies like Reliance, Essar, L&T, Tata etc. In addition to Goa, Putzmeister has production factories in Germany, USA, China, Turkey, France, Spain, Italy, Japan, UK, and South Africa & South Korea. Putzmeister also exports machinery to Sri Lanka and Bangladesh and will also export machinery to South East Asia and Middle East soon.

Putzmeister Concrete Machines Pvt. Ltd. believes in employee welfare and the Verna factory has a buffet style canteen that serves piping hot meals, doctor on scheduled visits, a water filtration plant, employee work stations etc. From the group's consolidated Rs. 536.52 crores, more than 51.71 crores was paid out to its staff world-wide as a part of its trusted employee profit sharing scheme. Commenting on the initiatives launched to promote employee welfare; Mr. Hropot voices that, "Our employees' satisfaction is the pillar of the organisation. Employees are the first customers in an organization. Hence recognition and a sense of belonging is critical."

Over the years, Putzmeister has recorded many landmark achievements including a range of World Records in construction and other allied streams it provides services in. Recently Putzmeister broke its World Record by pumping out concrete to a height of more than 700 m at Burj Dubai. In 2007, it won 'Bauma Innovation Skill Awards' adding to the company's growing list of achievements. Putzmeister was one of the international infrastructure companies involved in the construction of the sports stadium in China for the 2008 Olympics.

About Putzmeister Concrete Machines Pvt. Ltd.

Putzmeister Concrete Machines Pvt. Ltd. is part of Putzmeister Holding GmbH (PMH), a leader in the international infrastructure sector. Putzmeister Concrete Machines Pvt. Ltd., is situated over 1,00,000 mts area in Verna Industrial Estate in Goa and is a global provider of concrete pumps, tunnel machines, industrial pumps and mortar machines and has its presence in 8 India cities viz; Delhi, Jamnagar, Mumbai, Goa, Bangalore, Chennai, Hyderabad & Kolkata.

 
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