Apollo Inffratech Group has formed a joint venture with UK based Parker Plant Limited. The over 100-year-old Parker Plant is a market leader in manufacturing and supplying solutions for asphalt production, bitumen surfacing, crushing, screening, concrete production and pavement related equipment.
The recently incorporated JV company - Parker Plant India Pvt. Ltd - will manufacture various Parker equipment, starting with Asphalt Batchmix Plants of all capacities in a newly created state-of-the-art manufacturing facility near Mehsana, Gujarat.
Mitul Patel, MD, Apollo Inffratech Group, said, “Apollo is pleased to add such a strong brand to its Group. The addition of such an extensive range of asphalt plants complements the group’s current activities in the concrete sector, where Apollo has gained tremendous success. With the latest joint venture, the Apollo Inffratech Group has taken a further step to realise our Prime Minister’s ‘Make in India’ call to build a world-class infrastructure for the new India.”
Brett Dalby, Parker Plant’s Sales Director, said, “The trajectory for India’s growth is impressive. We are delighted to join forces and invest in India with Apollo Inffratech Group to meet the exacting needs of such a vibrant market.”
“The joint venture of Apollo Inffratech with UK’s Parker Plant is a testimony to the massive growth potential of India,” commented Amitabh Kant (IAS), CEO, NITI Aayog. “The joint venture will contribute to India’s vision of becoming Aatmanirbhar or self-reliant, while at the same time deepening our integration with the global value chains. It will bring new technologies for greater innovations into India’s infrastructure and construction sector.”
Apollo has been diversifying its product portfolio through various joint ventures and strategic partnerships with world renowned companies like HawkeyePedershaab of USA, Metalgalante (Carmix) of Italy, Zenith of Germany, HEM Paving of USA, and Aircrete Europe of The Netherlands.
Apollo’s extensive product range can be broadly divided into two segments: Concrete and Asphalt. In the Concrete segment, Apollo makes Concrete Batching Plants, Concrete Pipe Making Machines, Concrete Block Making Machines, Self-Loading Mixers, Slip Forms, and Fixed Form Concrete Pavers. In the Asphalt segment, the company will manufacture Mobile and Static Asphalt Batch Mix Plants, Counter Flow Drum Mix Plants, and Bitumen Pressure Distributors under the newly formed JV.