To serve as nodal centre for support services to parent's global clients

Our Bureau

Kolkata, Dec. 8

Danieli Engineering India Ltd (DEIL), a wholly owned subsidiary of a leading Italian firm with specialisation in process technology and process automation for steel industry, has plans to strengthen its administrative and manufacturing base in the city with the objective of acting as a nodal centre for providing engineering support services to all global clients of its parent company.

Speaking at a seminar here on Friday on "the Opportunities in the steel sector", the Managing Director of Daneili Engineering, Mr D. Mezulic, said that with India emerging as major consumers of steel, the action had now shifted to the country's eastern region, which has huge reserves of raw materials such as iron ore and other natural resources.

Expansion plan

Daneili Engineering has decided to implement a major expansion programme for India in the near future. The company intended to develop its Kolkata operations in such a way that the city, in future, could act as Daneili's main business centre for India and neighbouring countries.

The company's administrative office would also shortly be shifted to a new spacious premises at Rajarhat, which had been bought for Rs 15 crore. Mr Mezulic said, "We have come here to stay for long years and not to leave after a short spell of operations."

In fact, Daneili began its operations in India through acquisition of the foundry division of GEC Alstom, a couple of years ago. The foundry, which is located at Taratala area of the city, has since been converted into a manufacturing unit for engineering items for the steel and foundry sectors. Equipment and machines are being manufactured on the basis of Daneili technology directly brought from its parent company.

Daneili ranks among the front-runners in the supply of hot and clod rolling plants and processing lines for flat products. The company has customers all over the world, which include Bao Steel of China, Corus of the Netherlands, Natsteel of Singapore, Nippon Steel Crop of Japan, Posco of Korea and US Steel Group of USA.

(This article was published in the Business Line print edition dated December 9, 2006)
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