FEAL GmbH sets up 100% India subsidiary in Kolkata
Kolkata, November 8, 2010: FEAL GmbH of Germany has set up its 100 per cent India subsidiary- FEAL Tech Pvt Ltd- in the city to offer quality, proven and integrated technology to basic Indian industries with special focus on the steel industry. FEAL GmbH has planned to invest Rs 6crore in its Indian subsidiary as start-up capital.
Launching its Indian operations today, Mr Debasish Mukherjee, managing director of FEAL Tech said: “Indian industry, particularly steel, is going to experience magnum growth in the coming decades. This will not be limited to production only. It will stretch its needs to quality, safety, high grade of automation, maintenance, human resource and efficient use of natural resources.”
He explained that the objective of setting up FEAL Tech was to provide integrated solutions to the metal industry from a single source besides offering customer-oriented and energy-efficient solutions. The company has proven and time-tested products which would add value to the operations of Indian basic industries and steel in particular.
Mr Biswadip Gupta, CEO, JSW Bengal and chief guest expressed the hope that FEAL Tech would provide the right stimuli and improve the overall efficiency of Indian industry on all critical operational parameters.
About FEAL GmbH and its subsidiaries :
FEAL GmbH, located in Hamm, Germany, is the holding company of five companies having domain expertise in steel and metallurgical industries. LASE GmbH, 3tn GmbH, Ortmann Maschinenbau, RATH AG and Klein Automation are the companies catering regularly to the needs of metal industries (like Thyssenkrupp, Arcelor Mittal, Salzgitter Stahl) of Europe.
LASE provides measurement technology solutions by using laser and radar waves.
3tn provides yard management solutions for slabs, billets, blooms, plates and coils.
Ortmann offers customized machinery for the steel and other basic industries.
RATH is an organization of refractories.
Klein Automation possesses proven automation solutions for steel and basic industries.
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