New Delhi, Feb 25: Germany's largest machine tool (MT) maker, Trumpf gmbh and Co Maschinenfabrik, is scouting for a joint venture partner. It is keen to make an initial investment of 5 million deustche mark and wants to set foot in India at the earliest.This was announced by Ludwig Litzenberg, managing director of Trumpf, at a press conference here on Wednesday. Germany's MT industry is the second biggest in the world. Trumpf is a market leader and figures in world's top 20 companies. Its sales totalled DM 1,095 million in 1996, followed by Schuler group with DM 860 million.
According to reliable sources, another German group Schuler is also enthused about the Indian market. Schuler blanking lines and coin presses are already used in the country to produce circulating coins.
Besides, Schuler supplies notching press lines and high speed presses to produce laminations for electrical motors, as well as production lines for gas bottles to India.
The recesssion in the nineties had pushed the German MTindustry into a downswing. But within a decade it has sprung back to the number two position through focus on export markets, product innovation and new modes of cooperation, said Helmut Von Monschaw, MD of German Machine Tools Builders Association (VDW).
Addressing the conference, Monschaw praised the Indian MT industry and said it had registered a steady growth, especially after the inclusion of the CNC machines.
For more than 100 years, VDW has been negotiating with the German government, the European authorities in Brussels and other industries and organisations, he informed.
Rolf Klenk, MD, GEBR Heller Maschinenfabrik gmbh, said his company had been making efforts to motivate and convince the industry and the government to meet the challenges of globalisation in the last three years.
Copyright(c)1998 Indian Express Newspapers (Bombay) Ltd.
