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NETZSCH Technologies India Pvt Ltd (NTIPL) has shifted its pump manufacturing facility from Chennai to Goa’s Verna Industrial Estate.
The company has closed the Chennai plant, which had the capacity to manufacture 300 pumps per annum and has shifted to a new facility in Goa, with a capacity to produce 1,500 units per year, NTIPL Managing Director, Mr Vivek Norman, told reporters today.
NTIPL is the subsidiary of the Germany-based NETZSCH group of companies, which has a global turnover of €400 million. It is into progressing cavity pumps, industrial rotary lobe pumps, macerators and griders.
Mr Norman said that the India turnover is €2.5 million and it will grow more than 30 per cent this fiscal due to the Goa facility.
“The key factor for success is that we should be close to the local market,” he said adding that 800 units per year is the company’s domestic sales, which could be achieved with the new plant.
Norman said the company enjoys a market share of 25 per cent with a compounded annual growth rate of 32 per cent. It has its sales and service offices across eight towns in India.
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