![]() Financial Daily from THE HINDU group of publications Sunday, Nov 30, 2003 |
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Corporate
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Alliances & Joint Ventures ThyssenKrupp signs new tech tie-up with Alfred Our Bureau
New Delhi , Nov. 29 THYSSENKRUPP Elastomertechnik GmbH (TKEL), one of the largest manufacturers of machinery for the global tyre industry, has signed a new additional contract on technical collaboration with Alfred Herbert (India) Ltd (AHI), to manufacture its latest tyre curing press in India. Following the earlier contract for manufacturing frame type hydraulic tyre curing press for India, which was signed in 1999, ThyssenKrupp and Alfred are now moving into providing this latest technology for machinery, necessary for the production of high performance radial tyres, Mr Harsh V. Lodha, Director of Alfred, told Business Line. "This is the first time that ThyssenKrupp has agreed to give a licence for this latest machine to anyone internationally. With this technological tie-up, Alfred has the licence to manufacture top-line products of the German major," Mr Lodha said. Talking about the relationship between the companies, Mr Lodha said, "The relationship goes back 10 years and together the two have executed projects for leading Indian tyre manufacturers such as J.K. Tyres, Apollo Tyres and Ceat." Alfred is one of the major tyre machinery manufacturers in India enjoying a significant market share for truck tyre building machines, intermixes and tyre curing presses both in the mechanical and hydraulic segment. According to Mr Frank Horch, ThyssenKrupp's Managing Director, who signed the collaboration, "The Indian market, especially the radial tyre market, has significant potential and promises to be an exciting place in the world market." Commenting on the growth of the segment, Mr Lodha said, "The implementation of the Golden Quadrilateral Project as well as the Prime Minister's Gram Sadak Yojana would provide much better conditions for transport by road. This would result in the significant increase of average transport speeds which would necessitate better quality tyres." Further, the visible success of these projects could lead to use of high quality, high speed radial tyres for both passenger cars, where India has already progressed significantly, as well as truck and bus radials where the market is still in a nascent stage, he stated adding, "the recent entry of Michelin into the Indian market also reflects this''.
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