Aiming to expand its footprint in international markets, city-based construction equipment manufacturer Puzzolana group today entered into a pact with Tata International.
Prakash Pai, Managing Director, Puzzolana Group and Len J Brand, Executive Director & Head, Distribution Vertical, Tata International, announced the tie-up and signed the MoU here in this regard, according to a release.
As part of this agreement Tata International will be the distribution partner of Puzzolana for its crushing and screening business in the African Continent.
"The opportunity in Africa through this tie-up is worth USD 10 billion. Currently the value of (overall) exports by Puzzolana is just 7 per cent and we would like to ramp up the same with right partners like Tata and the company's vision 2025 is (to reach) 50 per cent through exports," Pai said.
"We are market leaders in India with an approximate 60 per cent market share and now our products will get the necessary fillip abroad, across various geographies of Africa, Middle East, South East Asia and both South and North America," Pai said.
Brand said "This is the foundation stone in the Tata-Puzzolana partnership and we look forward to combining our industry knowledge with Puzzolana's product range to offer a 'one-stop-shop' for infra and mining customers."
Abhijeet Pai, president, Puzzolana Group said, "We have plans to acquire a company in US and are looking at growing inorganically there, we are in discussions and may close the deal in the next six months. We are also open for acquisition globally, if the situation demands."
"As the infrastructure business in Africa is growing, we aim to capture sizeable business there in the next three years. We intend to focus on 120-600 TPH capacity of crushing plant and track plant of 250 TPH in the sector of infrastructure, road and mining," Ananth Pai, Joint Managing Director, Puzzolana Group said.
Puzzolana Group, a pioneer in infra machinery manufacturing offers comprehensive solutions across design, manufacture, supply, installation and commissioning of Crushing & Screening Plants on turnkey basis.
The Company has in-house foundries in Telangana and Karnataka, producing about 36000 tons annual capacity of Steel Castings, the release added.
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