![]() Financial Daily from THE HINDU group of publications Saturday, Nov 26, 2005 |
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Corporate
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Alliances & Joint Ventures Bevcon ties up with two Australian cos Our Bureau
Hyderabad , Nov. 25 BEVCON Wayors, the Hyderabad-based materials handling equipment manufacturer, has tied up with two Australian firms Burwell Technologies and Nergeco, as part of its product diversification and growth. The idea is also to bring in futuristic technologies to the Indian market. In this connection, we are contemplating joint venture partnerships in the near future also, Mr Suneel Lakshman, Managing Director of the Rs 25-crore Bevcon Wayors, told Business Line. Bevcon is also eyeing the markets in Dubai and South-East Asia, through these partnerships in the next three years. To begin with, Burwell, a leading Australian blasting equipment manufacturer, would transfer technology to make dust collectors under licence. Mr Geoffery R. Williams, Managing Director of Burwell Technologies, said a working plan is being formulated to see that a manufacturing plant is set up in Cherlapally, on the outskirts of Hyderabad under a joint venture. This would be the first time that Burwell would be offering technology outside Australia for dust collectors and blasting. Through the joint venture with Bevcon, it is also planned to pitch for the Asian and European markets, where the tie-up would make them more cost competitive also, he explained. Dust collectors and blast equipment find extensive use in most manufacturing sectors to maintain a clean environment and superior material surface. Steel, automobile, defence, fabrication, wire industry are some of the sectors. Burwell, an Australian $20-million turnover company, at present sources components worth $220,000 from India. In the proposed tie-up with Bevcon, it plans to bring technology and equity and gain from reducing its import content, Mr Williams said. Bevcon's alliance with Nergeco, Australia, would be in the area of high-speed flexible doors. The tie-up would be a purely marketing arrangement to start with, said Mr Paul S. Rees, Managing Director of the Australian company. For Bevcon, it would be a product diversification. "We are targeting the pharma, food, manufacturing sectors, where the demand for these high speed flexible doors, which maintain `clean room' environment of world standards are expected to grow in India," said Mr Suneel. Already, Timken, Matrix Labs, Orchid Pharma and Tata Steel have bought these doors, which cost in the range of Rs 5 lakh each.
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