Deccan Pumps Pvt Ltd, a pump manufacturing company based in Coimbatore is in talks with family-driven European companies for a tie up to expand its industrial pumps range. The company is also setting up a greenfield facility with an expected investment of around Rs 100 crore.
The company has recently launched its strategic business initiative Ekki, with focus on superior performance products. The tie up the company is looking at is through Ekki, and it is looking for technology from the potential European partner, said Kanishka Arumugam, product manager of Ekki. The Ekki division also has high performance borehole submersibles Ekki+.
"We are in talks with various European companies and we are especially interested to tie up with some family-run firm there. The synergy would be that we could get the latest technology in the sector while the European part-ner could use our Indian base for manufacturing products," he added. The company is expecting the tie up to be finalised within December, this year.
Countries like Italy, Sweden, Denmark and Germany, have a strong presence from the industrial pump manufacturers with most modern technology, he said.
While the company would look at an equity partnership in long term, the initial tie up could just be a technology partnership where the partner could also explore manufacturing options in India. The company would also set up a manufacturing facility for industrial pumps manufacturing if the partnership requires so, he added.
In order to make the management of the company easier, Deccan Pumps Ltd was hived off from Deccan Industries, the parent, which has other businesses too.
Plans are also afoot to expand its capacity with a greenfield facility in Coimbatore to manufacture the Ekki range of products. The Phase I of the project is complete and it is expected to have a total capacity of 6,000-7,000 units per month with completion of Phase II , in near future. The company is expected to invest around Rs 100 crore into the expansion project.
Deccan Pumps has been in the pump manufacturing industry form more than 32 years and offers submersible pumps from its facilities in Coimbatore.
