Puzzolana joins hands with Tata International to foray into African markets
Supply Chain - India-based infrastructure machinery manufacturer Puzzolana group has inked a memorandum of understanding (MoU) with Tata International to foray into the African markets.
Mar 27, 2017: India-based infrastructure machinery manufacturer Puzzolana group has inked a memorandum of understanding (MoU) with Tata International to foray into the African markets. The company is looking at growing inorganically and has plans to acquire a company in the US in the next six months, said Abhijeet Pai, president, Puzzolana group, while speaking to a local newspaper.
Meanwhile, as part of the agreement, Tata International will be Puzzolana's distribution partner for its crushing and screening business in Africa, where the opportunity is pegged at nearly $10 billion.
"This agreement will enable us to leverage Tata International's strength and expand our footprint in the African markets," said Puzzolana group managing director Prakash Pai. "In Africa, the sunrise sectors are roads, logistics, major airports projects and rail projects for regional connectivity. 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 (tonnes per hour) capacity of crushing plant," said Puzzolana group joint managing director Ananth Pai.
Puzzolana Group, which claims a 60 per cent share of the domestic market and has over 70 installations spread across 20 overseas locations, offers solutions across design, manufacture, supply, installation and commissioning of crushing and screening plants on a turnkey basis. It has two manufacturing facilities in Telangana and one Karnataka.
Photo Source: www.IndiaCatalog.com
