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Wipro Infrastructure Engineering
Engineering and manufacturing solutions provider Wipro Infrastructure Engineering (WIN) on Monday announced the launch of a new business division dedicated to manufacturing high-performance base materials for Printed Circuit Boards (PCBs). As part of the new division Wipro Electronic Materials, the company is establishing a Copper Clad Laminate (CCL) manufacturing facility in Karnataka, with an investment of approximately Rs 500 crore, which will create around 350 jobs. The manufacturing plant will produce over 6 million sheets of copper-clad laminates and corresponding pre-impregnated materials, according to a company statement. "Wipro Electronic Materials marks a first-of-its-kind investment in India's electronics manufacturing landscape, made possible through the timely support of the Government of Karnataka and MeitY. "By giving Indian manufacturers reliable access to locally produced, high-quality materials, we are strengthening supply chain resilience and accelerating global
Engineering and manufacturing solutions provider Wipro Infrastructure Engineering (WIN) on Wednesday said it will acquire a majority stake in French aircraft parts manufacturer Lauak Group. Lauak Group is a 50-year-old family-owned company supplying aircraft parts to major global aerospace companies. The company, however, did not divulge the quantum of stake and size of the deal. "Wipro Infrastructure Engineering (WIN), a leading global engineering and manufacturing solutions provider and the Charritton Family, founders and current shareholders of Lauak Group, announced today at the Paris Air Show that they have entered into exclusive negotiations for a majority stake acquisition in the company. "The proposed transaction was submitted to the relevant employee representative bodies for consultation, and all necessary approvals have now been received," a company statement said. The transaction is expected to close in the coming months, it said. Lauak Group and Wipro names would be
IT company Wipro on Monday said it has appointed Ranjita Ghosh as its new Global Chief Marketing Officer (CMO), effective February 1 next year. Ghosh takes the chair from Laura Langdon, who has decided to explore career opportunities outside Wipro, a company statement said. Previously CMO of Wipro's Asia Pacific, Middle East & Africa (APMEA) strategic market unit, Ghosh will now lead all marketing activities for Wipro across its geographies. She will report to the Chief Strategist & Technology Officer Hari Shetty. With about two decades of experience in the global technology services industry, she has held various roles in sales, business development, growth marketing, buyer experience, and ecosystem partnerships. Additionally, she has managed marketing for several high-value portfolios and led teams across North America, Europe, and Asia-Pacific. Shares of Wipro settled at Rs 307.90 apiece on the BSE on Monday, 0.90 per cent higher than the previous close.
Wipro Hydraulics, part of homegrown Wipro Infrastructure Engineering, on Thursday said it has acquired the US-based Columbus Hydraulics to strengthen its presence in North American market. The company did not disclose the transaction value. The entity has been acquired to strengthen presence in the North American market, Wipro Infrastructure Engineering said in a statement. Wipro Infrastructure Engineering said it has acquired 100 stake in Columbus Hydraulics through its hydraulics cylinder manufacturing business Wipro Hydraulics. Post acquisition, Columbus Hydraulics will become a wholly-owned subsidiary of Wipro Infrastructure Engineering. Pratik Kumar, CEO, Wipro Infrastructure Engineering, and Managing Director, Wipro Enterprises, said, "This acquisition strengthens our position and enhances our manufacturing capabilities in North America. By integrating Columbus Hydraulics' expertise in customized hydraulic solutions, we aim to provide even more comprehensive offerings to our
Demand perspective for consumer products in the market has improved a little bit but challenges still persist and a good monsoon can help see a better second half of the year in smaller towns and rural areas, said Wipro Consumer Care and Lighting CEO Vineet Agrawal. The company is also not unduly perturbed by the entry of Reliance in the FMCG segment as consumer preferences are very strong in the segment with very strong brand loyalty, said Agrawal who is also the Managing Director of Wipro Enterprises. Growth from smaller towns and rural areas continues to be a challenge for FMCG players, though the situation is improving, he said. From the demand perspective, the market has improved a "little bit but it is still a challenge", Agrawal told PTI. "It's not like the good old pre-Covid era and I think smaller towns and rural areas are still a bit of a challenge but things are improving. Hopefully, if the monsoon is good, we will see a better second half. Fortunately, the cost prices h