Mumbai: German composites major, Saertex, engaged in the production of non-crimp glass, carbon and aramide fabrics, has entered into an MoU with Vadodara based Kemrock Industries and Exports Limited to set up a 50:50 Joint Venture company in India, to be named Saertex - Kemrock India Limited.
The joint venture company will set up a new facility in Vadodara, Gujarat for producing various components for Indian and global aeronautical industry. The facility is expected to be commissioned in mid 2010.
The proposed 'Saertex - Kemrock India Limited' would be the first facility outside Germany, set up by Saertex, to produce high-end carbon composite components for aeronautical applications.
Dr. P K C Bose, Managing Director and CEO, Saertex India said that it would be the second facility to be set up by Saertex in India. Saertex India, located in Pune, is 100% owned by SAERTEX Group, Germany and was established in 2006. It is currently the market leader in India for glass fibre fabrics mainly used for wind mill blade manufacturing, automotive and other industrial applications.
"Kemrock has a vision to set up a well flourished Global "Composite Village" in India. The joint venture with Saertex is part of our vision to partner with global leaders in design, development and manufacturing of niche technologies specially on carbon fiber based aeronautical components," said Kalpesh Patel, Chairman & Managing Director, Kemrock Industries and Exports Limited.
Kemrock Industries and Exports Limited, a publicly listed company established in 1991, has the biggest composite manufacturing facility in India, spread over 1 Million square feet in Vadodara, Gujarat. It is capable of manufacturing various composite products like Wind Mill Blades, GRP / FRP Pipes, Moulded and Pultruded Gratings, Varieties of customized mouldings and Polymers like Epoxy, Polyester and Phenolic. It also posses strong Design and Testing facilities.
"Kemrock is an ideal partner for us due to its cutting edge expertise in composite manufacturing and strong Indian operations," added Dr. P K C Bose. Kemrock Industries and Exports Limited's facility in Vadodara is also a recognized export house, with international standards in place.
Saertex, established in 1982 and with manufacturing bases in nine strategic locations around the world, is closely associated with aircraft manufacturers globally. |