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Mr Sam Ramesh, President of Meso America Inc, with Mr Walter Vollrath, President & CEO, Polar Ware, at a press conference in the Capital on Thursday. — Kamal Narang

New Delhi , Nov. 4

TWO US-based companies, Meso America Inc and Polar Ware Company, on Thursday announced a joint venture to manufacture products for the food service industry at Manesar, Haryana.

"India offers a unique platform as a manufacturing location due to the excellent skill in metal forming technology. We want to take advantage of the growing Indian market and achieve economies of production to meet the world market demand," Polar Ware CEO, Mr Walter Vollrath said here.

He said that while investment in key areas like capital goods, technology and resources will come from Polar Ware, Meso will bring management and local investment in land, building and supporting machinery.

Meso America President, Mr Sam Ramesh said the success of the existing operation at Manesar has prompted this manufacturing alliance. "We already produce 350 different items. With the acquisition of Well Set brand name and selective Forman assets, we intend to cross Rs 100 crore in sales by 2007 from Rs 35 crore at present".

More Stories on : Alliances & Joint Ventures | Foods & Food Processing

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