Success Story – Manufacturing Partnership Venture for Industrial Valves
Venture initiated and nurtured by Crescendo Worldwide.
Product / Services – Industrial Valves
Venture Process –
The Indian company is an ISO 9001:2008 Certified Export oriented company offering a wide range of “Stainless Steel, carbon steel & non-ferrous ”and “Ready-to-Assemble components” for Valve and General Engineering Industry, Pharmaceutical, Dairy, Aerospace Industries machined from Castings, Forgings and Bar stock.
European company – The Company was founded in 1993 as a daughter company of a Czech company Siwatec, a. s. With a history of more than 20 years. They are currently one of the largest European manufacturers of shut-off and control valves for industrial applications. They offer customers a wide scope of products which covers butterfly valves for general and industrial use including high-performance valves with double and triple offset, knife gate and ball valves as well as safety valves for the most demanding applications.
Joint Venture Details –
European partner is interested in developing Industrial Valves in India get the lower manufacturing cost advantages. European team & Indian team visited the facility of the respective partner in Dec 2017 and discussed manufacturing, machining & testing Valves at Indian partner’s facility.
Phase I – European partner shared inquiries with an Indian partner to check the cost competitiveness & had discussions on Investments for the venture.
Phase II – Indian company will manufacture & assemble the valves based on the requirements of the European company.