Germany's Rs 1,200 crore pipe tools major, Rothenberger AG, today launched its fully-owned subsidiary in India. | |
| Rothenberger India, with its first office in Delhi, plans to cash in on the booming infrastructure market in the country. |
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| The company is targeting the organised piping tool market, which is about Rs 450 crore, constituting 30 per cent of the total piping tool market in the country. |
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| Andreas C Ehrler, managing director of Rothenberger Werkzeuge GmbH said that the company had plans to start manufacturing within next two to three years. |
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| "First we want to study the Indian market and would like to find which products have major demand in the country. Then after two years we hope to have a manufacturing facility in India," Ehrler said. |
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| The country manager of Rothenberger India, J P Singh said the Indian office would also serve Saarc countries such as Pakistan and Nepal. |
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| According to him a manufacturing base in India would be viable only after the Indian company's turnover goes above Rs 30 crore. |
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| The company is eyeing pipeline projects by state such as Kerala and Gujarat. The company will also target other industry segments in power, refineries, oil and gas. |
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| Rothenberger claims to be a total solution company in the pipe tools segment of the machine tool business. It boasts of 14 manufacturing facilities with 2,000 products and 150 patents to its credit. |
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