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Tuesday, Nov 02, 2004

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German co ties up with Tecpro for bulk material handling systems

Our Bureau

Bangalore , Nov.1

GERMAN engineering major FAM Forderanlagen Magdeburg has chosen an Indian company as a strategic associate to manufacture complete range of its bulk material handling systems.

The 120 million euro (around Rs 693 crore) German company has signed a technical licence agreement with Tecpro Systems Pvt Ltd, which would set up a manufacturing facility in Haryana.

Tecpro would be investing Rs 10 crore at Bawal in Haryana to produce the systems under licence from FAM.

India is the first country in Asia to have FAM manufacturing facility and will be the third centre for FAM besides, Germany and Poland. The Bawal facility is expected to start its operations from March 2005.

Tecpro, a Delhi-based engineering procurement construction company has its clientele among large corporates of India.

FAM is one of the world's leading companies with a complete range of bulk materials handling, mining, mineral processing, port handling and material preparation plants and equipment. It also has a working relationship with BEML, Bangalore, for large mining projects.

"With the Indian infrastructure sector, including steel, power, cement and port, poised for growth, we expect the demand for bulk material handling system, currently estimated at Rs 700 crore, to increase substantially. The steel sector, where close to Rs 25,000 crore is proposed to be invested will be a major growth driver," said Dr Jorg Scharf, Vice-President, Sales, FAM Group. "We are positioning ourselves to participate in this opportunity."

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