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Elgi Equipment sets up subsidiary in Gulf

Elgi Equipment sets up subsidiary in Gulf
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First Published: Mon, Jun 16 2008. 05 14 PM IST
Updated: Mon, Jun 16 2008. 05 14 PM IST
PTI
Coimbatore: A city-based engineering company, Elgi Equipments Ltd has announced the opening of its subsidiary at Sharjah Airport International Free Zone in the UAE.
The subsidiary ‘ELGI GULF FZE´ is a full fledged sales and service organization through which the company intends to offer prompt and speedy service deliveries V T Govindarajan, director (Global Business) EEL, said in a release here.
The office and warehouse facility would enable the Rs500 crore company in expanding the product offering and ensuring immediate service in the fast growing Middle East market, Govindarajan said.
Elgi Gulf would initially serve the Gulf Corporation Council markets and eventually expand its presence in the Middle East region and North Africa, he added.
EEL enjoys significant market share in the Middle East region for electric and portable screw air compressor, the company managing director, Jairam Varadaraj said.
Being one of the leading exporters of products to end users in over 60 countries, Middle East contributed to more than 20% of the copany’s sales, Varadaraj claimed.
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First Published: Mon, Jun 16 2008. 05 14 PM IST