Germany’s Clyde Bergemann to invest $5mn in India

Germany’s Clyde Bergemann to invest $5mn in India
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First Published: Sun, Feb 10 2008. 11 07 AM IST
Updated: Sun, Feb 10 2008. 11 07 AM IST
PTI
New Delhi: Germany-based cleaning solutions provider to power plants, Clyde Bergemann, will invest up to $5 million (Rs1,977 crore) to set up a manufacturing facility in the national capital region (NCR).
The proposed manufacturing facility would be its first unit in India and is currently scouting for Indian partners.
“We have decided to set up a manufacturing base near Delhi. The facility will help us increase sales in India, which is a key market,” Keith Mitchell, Clyde Bergemann Power Group’s CEO told PTI.
He added that the company was also looking to form partnerships and joint ventures with Indian firms on a project- to-project basis.
The facility, likely to be operational in six to eight months, would produce on-load cleaning systems for boilers of coal-based power plants.
Clyde Bergemann floated a joint venture Macawber Beekay with India’s BSBK group 15 years back to offer material handling and ash handling technologies. Its clientele includes power firms such as NTPC, Tata Power and Larsen and Toubro. The equipment was mainly imported from Clyde Bergemann’s plants in China.
The firm had also set up a subsidiary Clyde Bergemann Indian Ltd in June last year with an aim to further its business in the country.
Clyde Bergemann Power Group is part of the Clyde Blowers Group, which employs over 2,500 people worldwide with sales of almost $2 billion. It has three manufacturing units in China, two in the US and four in Germany.
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First Published: Sun, Feb 10 2008. 11 07 AM IST