Business Daily from THE HINDU group of publications
Wednesday, Sep 13, 2006

Cross Currency

Group Sites

Corporate - Alliances & Joint Ventures
Airco-Fin Holding signs pact with Indian venture

Our Bureau

Hyderabad , Sept. 12

Airco-Fin Holding, Holland has signed the first production contract with Airco-Fin Tubes India Pvt Ltd, its Hyderabad-based joint venture set up with the Nu-Way Group of India.

As per the contract, Airco-Fin Tubes India would supply about 1,000 finned tubes in the next 75 days, according to Mr Prasad Emandi, Managing Director of the joint venture. The company has a production facility at the Export Promotion Industrial Zone on the outskirts of Hyderabad.

Airco-Fin has also signed an agreement with the Andhra Pradesh Government for exporting at least 33 per cent of its production, as per the requirements of being situated in the Export Zone, Mr Prasad Emandi told Business Line here on Monday.

The joint venture, headquartered in Hyderabad, is also planning to bring in more finning machines to make all types of tubes in the near future at the facility. At present it is involved in the manufacture of high fin tubes with aluminium and copper finning over any material base tube. These tubes find application in aircooled heat exchangers.

Airco-Fin Holding is a world leader in the manufacture and supply of finned tubes, retubing, tube bundles to major refineries and petrochemical industries across the world.

More Stories on : Alliances & Joint Ventures | Air-conditioners & Refrigerators

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Hyundai to set up R&D centre in Chennai

Grasim launches five new fabrics
Seminar on human resources
To HLL, BPO was just another `functional silo'
Daewoo Electronics takeover: Videocon may sign MoU by month-end
Patel Engg acquires Mumbai-based co
ICSI looking at global opportunities
Corporate governance course
Bajaj `Crystal' scooter to have DTSi technology
Sandvik Mining opens new facility at Pune
MCX to set up commodity bourse in Asia-Pacific region
Aurobindo gets FDA nod for Citalopram
Airco-Fin Holding signs pact with Indian venture
ONGC to team up with Petrobras
Punj Lloyd jt venture with Swissport
Cusat to hold global seminar on corporate social responsibility
Asian Tea to diversify into real estate, tea tourism
Duncans Industries to be referred to BIFR
Toyota Kirloskar Auto plans to raise production

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line