SAERTEX-KEMROCK to set up 'Composite Village' in Gujarat
SAERTEX, the world leader in non-crimp glass, carbon and aramide fabrics, plans to set up a 50:50 Joint Venture company in India with KEMROCK Industries and Exports Limited, Vadodara, Gujarat; and accordingly, an MOU has been entered into by and between SAERTEX and KEMROCK to form the JV.
The joint venture to be named as SAERTEX-KEMROCK INDIA LIMITED, will set up a new facility for producing various components for Indian and global aeronautical industry.
KEMROCK Industries and Exports Limited, a publicly listed company, is India's largest composite manufacturing and exports company with state of the art facility in Vadodara, Gujarat. Kemrock is capable to manufacture various composite products like Wind Mill Blades, GRP / FRP Pipes, Moulded and Pultruded Gratings, Varieties of customized mouldings and Polymers like Epoxy, Polyester and Phenolic. It also posses strong Design and Testing facilities.
Announcing the joint venture, Dr. P K C Bose, Managing Director and CEO, SAERTEX India said, proposed “SAERTEX-KEMROCK India Limited would be the first facility outside Germany set up by SAERTEX to produce high-end carbon composite components for aeronautical applications. Overall it is the second facility to be set up by SAERTEX in India. KEMROCK is an ideal partner for us due to its cutting edge expertise in composite manufacturing and strong Indian operations.”
Kalpesh Patel, Chairman & Managing Director, KEMROCK Industries and Exports Limited said, “KEMROCK has a vision to set up a well flourished Global “Composite Village” in India. The joint venture with SAERTEX is part of our vision to partner with global leaders in design, development and manufacturing of niche technologies specially on carbon fiber based aeronautical components.”
SAERTEX-KEMROCK INDIA LIMITED facility will be located in Vadodara, Gujarat. The facility is expected to be commissioned in mid 2010. SAERTEX has close association with most of the aircraft manufacturers in the world and KEMROCK has strong manufacturing capability which is the ideal combination for such major projects.
SAERTEX is a German Multinational Corporation established in 1982 and is the world leader in glass, carbon and aramide fabrics with manufacturing bases in nine strategic locations around the world. SAERTEX India, located in Pune, is 100% owned by SAERTEX Group, Germany. SAERTEX India was established in 2006 and is currently the market leader in India for glass fibre fabrics mainly used for wind mill blade manufacturing, automotive and other industrial applications.
KEMROCK is a publicly listed company established in 1991 having the biggest composite manufacturing facility in India is a recognized export house. KEMROCK is having a modern manufacturing facility spread over 1 Million square feet meeting all international standards.
KEMROCK Industries and Exports Limited