Regal-Beloit Corporation, a US-based international manufacturer of electrical and mechanical motion control products, has set up its technology development centre in Hyderabad. | |
| "It is the first such facility to have been set up outside the US, which holds a strategic importance as far as the global operations of the company are concerned," Mark J Gliebe, president & chief operating officer of Regal-Beloit Corporation, said here today. |
| |
| Addressing a press conference after inaugurating the facility, Mark said that the company intends to achieve $200 million turnover from Indian operations by the year 2009 from the current $ 74 million. |
| |
| According to him, the company has invested about $ 4 million in its Hyderabad technology centre which has a team of 50 professionals and aims to double the strength in the next few months. |
| |
| The centre will support the design requirements of the company's manufacturing operations consisting of a range of products including gears, gear drives, transmissions, valve actuators among others. |
| |
| According to M K Trishal, president & CEO of GE Industrial Systems which was recently acquired by Regal-Beloit, the company's Hyderabad technology centre would also be equipped to meet its IT & software needs in future. |
| |
| The acquisition of GE's commercial and HVAC (heating ventilation and aircooling) motors business includes a manufacturing facility in Faridabad which currently supplies motors to several international air-conditioner brands, Trishal said. About 70 per cent of the products manufactured at the Faridabad unit are being exported to the US and Middle East, he added. |
| |
|
| |
