Financial Daily from THE HINDU group of publications
Tuesday, Sep 13, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Corporate - New Projects


Tecumseh commissions rotary compressor unit

Our Bureau

Hyderabad , Sept. 12

TECUMSEH Products India, part of the $2-billion US major, has commissioned its 7,50,000 rotary compressor unit capacity at its manufacturing base at Balangar, making it the first company to achieve this figure in the country.

The company is planning to make this centre its export base for the region, according to Mr Vipin Sondhi, Managing Director.

He said that a new rotary compressor would be available in six models and cater to the 1.5-tonne and 2-tonne ranges, which constitute almost 90 per cent of the market.

This being the only plant of Tecumseh in the region, it plans to cater to the Chinese and West Asian markets and the region in general.

The response to these rotary compressors has been extremely encouraging from original equipment manufacturers (OEMs), both domestic and overseas.

Apart from being energy efficient, these compressors provide the dual advantage of cooling and heating options and can take temperatures of up to 54 degree Centigrade under ambient conditions. This was not possible before. Hence, West Asia provides immense potential.

Going forward, the company expects to manufacture compressors that can take high-voltage fluctuations and run without additional voltage stabilisers. Such products would be ideal for markets such as India, Mr Sondhi told newspersons.

Explaining the significance of the rotary compressor unit, Mr J.D. Chatterjee, Vice-President of Operations, said that the precision that this plant has brought about was a lot more than what the automobile industry has achieved in the country.

Currently, more than 80 per cent of domestic market uses rotary technology, now imported from China and South-East Asia. The rotary compressor market has been growing in the country at about 30-35 per cent annually over the last three years.

Typically, companies that assemble air-conditioners place orders with overseas companies in advance and wait for a couple of months for the orders to materialise given the issues of transport and other logistics problems. The Tecumseh plant will help OEMs bypass this problem.

Tecumseh India, which has two units - one near Hyderabad and the other at Ballabhgarh - recorded turnover of Rs 480 crore in 2004 and has projected revenues of Rs 600 crore this year.

Later this month, the new rotary plant is set for formal launch by the company Chairman.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Banknet India Tata Safari Dicor

Stories in this Section
Gujarat NRE launches portal for coal trading


ONGC seeks exemption from subsidy sharing; offers to pay more revenues
Monsanto to set up corn drying plant near Hyderabad
Max tele-medicine centres
GE Shipping board meet
KSL announces share split
Hind Dorr-Oliver to make preferential allotment to IVRCL
Ranbaxy guns for Pfizer's $12-b cholesterol drug — Generic cos watch blockbuster battle closely
Madhucon plans global issue
Indian Oil bonds subscribed 2.5 times
Birla group restructuring — Indo Gulf shareholders get a good deal
JP Morgan in talks to buy stake in Andhra Cements
Novartis' stake in Chiron
Tecumseh commissions rotary compressor unit
GV Films MoU with Sidesh Films
Bengal seeks BIFR intervention in Metal Box rehabilitation issue
Panacea Bio sets sights on foreign markets for new products
Scooters India may go public by fiscal-end
Eisai looks to extend footprint in India
ONGC profits may take a hit in second quarter


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line