Business Daily from THE HINDU group of publications
Saturday, Dec 09, 2006

Cross Currency

Group Sites

Corporate - Outlook
States - West Bengal
Danieli Engg to strengthen Kolkata operations

Our Bureau

To serve as nodal centre for support services to parent's global clients

Kolkata , Dec. 8

Danieli Engineering India Ltd (DEIL), a wholly owned subsidiary of a leading Italian firm with specialisation in process technology and process automation for steel industry, has plans to strengthen its administrative and manufacturing base in the city with the objective of acting as a nodal centre for providing engineering support services to all global clients of its parent company.

Speaking at a seminar here on Friday on "the Opportunities in the steel sector", the Managing Director of Daneili Engineering, Mr D. Mezulic, said that with India emerging as major consumers of steel, the action had now shifted to the country's eastern region, which has huge reserves of raw materials such as iron ore and other natural resources.

Expansion plan

Daneili Engineering has decided to implement a major expansion programme for India in the near future. The company intended to develop its Kolkata operations in such a way that the city, in future, could act as Daneili's main business centre for India and neighbouring countries.

The company's administrative office would also shortly be shifted to a new spacious premises at Rajarhat, which had been bought for Rs 15 crore. Mr Mezulic said, "We have come here to stay for long years and not to leave after a short spell of operations."

In fact, Daneili began its operations in India through acquisition of the foundry division of GEC Alstom, a couple of years ago. The foundry, which is located at Taratala area of the city, has since been converted into a manufacturing unit for engineering items for the steel and foundry sectors. Equipment and machines are being manufactured on the basis of Daneili technology directly brought from its parent company.

Daneili ranks among the front-runners in the supply of hot and clod rolling plants and processing lines for flat products. The company has customers all over the world, which include Bao Steel of China, Corus of the Netherlands, Natsteel of Singapore, Nippon Steel Crop of Japan, Posco of Korea and US Steel Group of USA.

More Stories on : Outlook | Engineering | West Bengal

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

Stories in this Section
Apollo Tyres plans R&D facility in Germany

Rajesh Exports bags LIC order
Cabinet nod for Limited Liability Partnership Bill
Forrester ranks HCL Tech as leader
How an oil company milked super-profits
Aegis, Percept revamp operations
Carborundum buys 2 units in Jabalpur
GAIL buys 30 pc stake in Myanmar oil, gas block
3M Electro to acquire Mahindra Engg division
J.K. Cement plans to acquire plant with 1.5-mt capacity
`Workforce quality vital in risk management'
UTV in Rs 128-cr deal to buy 2 gaming cos
Schwing Stetter plans to make truck-mounted boom pump
Mamata refuses to call off fast despite Buddhadeb's request
For pharma, biotech firms, all roads lead to Europe
1,640 complaints against cos received
Toonz signs pact to produce animation film
Lifan, M&M in talks for 2-wheeler venture
DS Const ties up funds for road projects
Changi seeks to bid for airport modernisation
RJ Corp appointed Cryobanks licensee
Govt does not propose to formulate accounting standards of its own
Honeywell mulls shifting one production line to HAL
Danieli Engg to strengthen Kolkata operations
FIR filed against 102 cos, promoters
Dalmia Cement CEO
TPG Ventures sets up team for Indian investments

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