The Hindu Business Line : Schwing Stetter enters Sri Lanka

SCHWING Stetter India has started exporting ready mix concrete equipment to Sri Lanka, and is looking for a business partner there. It hopes to build on the boom in construction business there.

According to a press release from the company, it has delivered the first batch of five ready mix concrete transit mixers to the Colombo-based Tokyo Cement. It shipped them as completely built units from its manufacturing facility at Irungattukottai, near Chennai.

Quoting its Managing Director, Mr Anand Sundaresan, the release said that the infrastructure projects there would catalyse the ready mix concrete business. Apart from the transit mixers, he also expects demand for batching plants and boom pumps, which would be needed in such projects like ports, highways and power plants.

By November, the company will introduce the truck-mounted concrete pump, KVM 32, in Sri Lanka. The company is looking for a business partner in Sri Lanka to promote its business there. It is a market leader in manufacturing equipment for concrete preparation, placement, transportation and recycling. Schwing Stetter India, a subsidiary of Schwing Stetter of Germany, plans to use India as a hub for its operations in South-East Asia and West Asia.

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