German gasket maker Victor Reinz will manufacture a variety of products for the Indian as well as the overseas markets from its new plant in Talegaon near Pune.Victor Reinz India, a 51:49 joint venture between Victor Reinz and Pune-based Jayant Group, is setting up a new manufactruing facility, which, when fully functional, will deliver gaskets, heat taps, cam covers, gasket materials and sealants to automotive firms like Tata Motors, Mahindra and Mahindra, Renault and Audi.Aakash Dave, managing director, Victor Reinz India, said the newly floated company would invest Rs 40 crore to set the manufacturing unit in two phases. "Victor Reinz products are already popular in India, and we are selling 8.50 lakh cylinder gaskets annually. The new manufacturing facility would mainly target the domestic market," Dave added.Victor Reinz, a group company of the DANA Group, would also like to tap the export markets with products manufactured at its Talegaon facility. "If our customers demand, we may export products manufactured at the Talegaon facility to regions like Europe, China and the US," said Ralf Goettel, president, DANA Sealing Products.The new manufacturing facility, which is expected to be operational from the first quarter of next year, would deliver two million units annually. "We now have a turnover of 5.50 million euro in the Indian market, and we expect it to cross the 10 million euro mark by 2011 as the new facility picks up pace," Dave added.
