Unfazed by the on-going global financial turmoil resulting in the current credit crunch top brass of the Putzmeister Concrete Machines Private Limited, PMCL is optimistic about the emerging opportunities in India and has unveiled a Rs. 500 crore, five-phased expansion plan including setting up of an state-of-the-art concrete equipment manufacturing plant in Goa. The PMCL has planed to make Goa plant a global hub and sourcing centre, for manufacturing various types of concrete equipment to meet its domestic and international requirements, by 2012, says Managing Director, Andrej Hropot.
Interacting with NBM&CW at the press meet in Delhi, Andrej Hropot said, "We have started in a very humble way in 1958 and in a short span of about five decades, the company encompasses an impressive range of manufacturing equipment including concrete pumps, industrial pumps, tunnel machines, mortar machines and high density solid pumps."
In addition to this, he adds, "The PMCL has achieved a line of landmarks including creating world records in construction and other allied streams of services as the manufacturing major has in the recent past tumbled its own world record by pumping up concrete to a lofty height of more than 700m at Burj in Dubai. With ‘Bauma Innovation Skill 2007 Award' under its belt the company was one among the known international infrastructure players which activelyparticipated in building sports stadiums for the recently held Olympics in China."
To a pointed poser about worldwide financial upheavals, he said that infrastructure sector deals with longer duration projects like constructing buildings, highways, airports, roads, ports, power plants, shipping and telecom.Which are loaded with huge investment, require better execution skills, realistic expansion plans and capability to bear the hike in interest rates, largely remains unaffected during short-term instability.
Indian economy is on the march, so is its infrastructure development and the emerging scenario will create huge demand for concrete pumping equipment. Major players in the field have either set up their shops in India or are in the process of doing so and the next couple of years will redefine the market share of each player, the MD crisply clarified to a query about the PM's future market share in the Indian market.
Quoting an instance he said, the Indian government has planned a huge capital outlay of Rs.23,84,910 crore for the eleventh plan period and this has again opened up new vistas for the infrastructure sector. With being the second fastest growing economies of the world, there is a huge potential for development in the infrastructure sector unfolding opportunities for our company to participate in the fast growing growth graph of the Indian economy.
About PMCL future plans, he said that the company has decided to invest Rs. 500 crore in its Goa facility in the next four years to augment manufacturing capacity from the current 260 pumps to 1,400 concrete pumps per annum. Apart from this, the company has planed to manufacture pumps for ready-mix concrete to serve the construction industry of the country.
The PCML currently exports machinery to Sri Lanka and Bangladesh from its Goa facility and is all set to expand its export base to South East Asia and Middle East. India Russia and China are our focused and potential markets and the company is paying lot of attention to investment opportunities in these countries.
The company has chalked out an ambitious plan for the Goa manufacturing facility, ensuring employment opportunities to over 1300 technically qualified local youths. The company's priority is to remain close to its customers and currently has presence in eight Indian cities including Delhi, Jamnagar, Mumbai, Goa, Bangalore, Chennai, Hyderabad and Kolkata and is further strengthening its network of sale and service outlets across all the major cities of the country.
Recalling the past of the company he said that Putzmeister AG is an international enterprises founded by Karl Schtecht in the late fifties.They are the leading global providers of Specialist Machinery and have their main plant at Aichtal, south west of Stuttgart in Germany.The company currently has its presence in over 13 countries with a staff strength of over 3000 workers.
Similarly, Putzmeister Concrete Machines Private Limited is a part of Putzmeister Holding GmbH (PMH), a leader in the international infrastructure sector. The company's Goa plant is stretching over an area of 1,00,000 sq. mts at Verna Industrial Estate in Goa and is a global player in manufacturing concrete pumps and related equipment, he concluded.