Bevcon in tech tie-up with Austrian firm

Statec Anlagentechnik GmbH of Austria, a manufacturer of vibrating screens for heavy screening applications and materials, has finalised a tie-up with Hyderabad-based Bevcon Wayors Private Limited to jointly manufacture flip flow, circular motion, linear motion, eccentric, resonance and banana screens in India.

As per the agreement between the two companies, Statec will supply all vital components to Bevcon. With technical know-how from Statec, Bevcon will manufacture the equipment in India and market it through its networks.

This technology tie-up is proposed to grow into a joint venture once the technologies are accepted in the market and the manufacturing processes are established.

"We will expand this tie-up within 12 months by way of floating a joint venture company with Bevcon," Peter Schoberl, managing director of Statec, told Business Standard.

Initially, Bevcon, a manufacturer of material handling equipment, would be assembling the equipment at its facility in the Uppal Industrial Estate here.

"By September, we will be shifting the assembling unit to our second unit, which is coming up in Cheralpally near Hyderabad," Suneel Lakshman, managing director of Bevcon, said.

Lakshman said that he would like to approach venture capitalists for funding the proposed joint venture, which would involve an investment of about Rs 5 crore.

He said that Bevcon had set an ambitious target of achieving a Rs 100-crore turnover by fiscal 2009-10. The target was envisaged to be achieved by a mix of manufacturing under technology tie-ups, collaborations, joint ventures and also marketing technology products in India. Bevcon was also forging a technology tie-up with Burwell Technologies of Australia and Nergeco Australia.

In 2004-05, Bevcon posted a turnover of Rs 25 crore as compared to Rs 9.5 crore in the previous year. In the current fiscal, the company is expecting to post a turnover of Rs 35 crore.

Cutting-edge deal

As per the agreement, Statec will supply all vital components to Bevcon, and the latter will manufacture the equipment in India and market it through its networks

Statec will expand this tie-up within 12 months by way of floating a joint venture company with Bevcon

Bevcon is also forging a technology tie-up with Burwell Technologies of Australia and Nergeco Australia