Financial Daily from THE HINDU group of publications
Friday, Jan 27, 2006
Financial Daily from THE HINDU group of publications Friday, Jan 27, 2006 |
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Corporate
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Alliances & Joint Ventures Bevcon Wayors in pact with Austrian co for `flip-flow' screen tech M. Somasekhar
Hyderabad , Jan. 26 BEVCON Wayors, the Hyderabad-based materials handling company, has tied up with Statec Anlagentechnik, Austria's leading screen technology company. Under the agreement, the Austrian company would bring its patented `flip-flow' screen technology to the Indian market. In a year's time, the technology tie-up would possibly grow into a joint venture, according to Mr P. Suneel Lakshman, Managing Director of Bevcon Wayors. The objective is to manufacture a range of screens, which have applications in open-cast mines, steel, power, cement industries as well as in municipal solid waste management, at Bevcon's manufacturing facility in Hyderabad, he told Business Line. For the moment, the Austrian company will transfer technology, provide supervision and technical expertise and critical components for the screens to be assembled in India, Mr Lakshman said. He said the company has got orders for the latest screen called Staflex, which uses the `flip-flow' technology to achieve higher levels of performance efficiency in screening materials, from Monnet Ispat, Aryan Ispat, Shaw Alloys and Salsteel. It is expected to bag about 50-60 orders in the short term, because of the high demand. Mr Peter Schoberl, Executive Manager of Statec, said the company is part of the $150-million-euro Austrian Group — GAW and is now the leader in Europe. The larger idea of forging a tie-up with an Indian company was to make India a hub for marketing the products. "We plan to meet the demands of neighbouring countries in South Asia, China and also the Arab nations by making India as a hub and manufacturing the products," Mr Schoberl, who was in Hyderabad to finalise the marketing and technical collaboration. In the screens technology and products, there are two main competitors — Binder & Co of Austria and Hein & Lehman of Germany, but Statec has the technology edge having emerged as the best screen product company in 2005 in Europe, he said.
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