Martin Engineering to Open Business Unit in IndiaMartin Engineering to Open Business Unit in India
February 8, 2011
Martin Engineering has announced plans to open a business unit in Pune, India in 2011. The company has been active in the India market since 2004, establishing a solid presence through its licensee, Thejo, to distribute and support select bulk material handling technologies across the continent. Already incorporated in India, Martin Engineering completed a detailed market study and entry strategy in 2010, finding huge potential in further developing its business there.
“Before making the decision to expand our business in India, we focused on providing high-quality conveyor products to a number of different industries,” said Martin Engineering CFO, Ron Vick. “Now that a business unit with full manufacturing capabilities will be opened, we’ll be positioned to offer our complete line of bulk material handling solutions, beyond the limited products currently available. This full line will include air cannons, railcar unloading products, engineered vibration and dust management.”
Vick said that Martin Engineering is looking forward to its role as a full-service supplier to the cement, steel, power and mining industries in India. “With growth rates expected to rival those in China, the India market represents an unprecedented opportunity for us,” he added.
A strategic business plan is currently under development and Martin Engineering is in the process of hiring a managing director to run the new operation. During the beginning months of 2011, the company expects to finalize its lease on a new, 20,000-sq-ft facility. The company expects to have full operating capabilities by the second quarter of 2011. In addition to the new Pune facility, Martin Engineering will have sales and service offices and staff in three other areas of India: Calcutta, Delhi, and Chennai. The firm is also aggressively investigating acquisition opportunities.
For more information, visit www.martin-eng.com.
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