KOLKATA: Ceratizit India, the subsidiary of Luxembourg-based engineering solutions provider Ceratizit, is planning to use its base in Bengal to penetrate Chinese markets. The company has decided to expand production capacity in West Bengal for catering to the Chinese markets, said its MD A K Sareen.
The Luxembourg-based MNC has a unit in Barisha, Kolkata, and set up a new unit in Uluberia industrial area. "We are investing Rs 90 crore for the state-of-the-art Uluberia facility. There is a good market for cutting tools in China, which we are supplying," he said.
According to Sareen, over a period of two-three years, 30% of the production at Uluberia unit will be exported to China. Ceratizit India has a turnover of Rs 120 crore and has set a target of Rs 170 crore turnover in next two-three years. The Indian arm has become an integral part of the global production and is now responsible for the supply of cutting tools for a lot of countries in Asia like Thailand, Malaysia and Taiwan.
"The new unit at Uluberia will raise our output by three times. There will be an additional job opportunity for 200 people as well," he said. The biggest user industries for cutting tools include automotive, aerospace, railways, power and defence.
Source:-timesofindia.indiatimes.com
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