Month: November 2007

Amtek Auto has acquired one of the largest automotive precision machining companies Triplex- Ketlon Group, which was also Amtek’s strongest competitor running close to 185 different machining lines and a multi-location presence in the UK. Triplex-Ketlon manufacturing facilities are located in Paddock Wood, Stratford-upon-Avon and Hereford all in UK.

At sales revenue of $152 million per annum, Triplex-Ketlon was one of UK’s large but independent precision machining companies. This acquisition further consolidates the position of Amtek presence in Europe’s automotive scene and makes Amtek’s combined precision machining operations the largest in the UK and probably one of the largest in Europe as well.

This acquisition comes as an expansion for Amtek’s precision machining operations, which currently comprises of two large precision machining facilities in Coventry and Letchworth in the UK besides their machining operations in India and Germany.

This acquisition will be another milestone for the Amtek Group and a step forward in direction of consolidating its customer and product portfolio as well as attaining world class technological edge in automotive manufacturing.

Siemens has bagged Rs 870 million (Rs 87 crore) order from McNally Bharat Engineers for supplying electricals for Rashtriya Ispat Nigam’s new sinter plant at Vizag. This sinter plant is currently the second largest of its kind in India and will be commissioned by August 2009.

The Industrial Solutions & Services (I&S) division of the company has bagged an order from McNally Bharat Engineers, for the electricals of the new sinter plant 3 at RINL’s Vizag steel plant. The scope of work for this order includes designing, engineering, supply, erection and commissioning of complete power distribution system, motors and drives, automation as well as instrumentation on a turnkey basis. This project is the second sinter plant order for electricals to be executed by the company in a turnkey basis and is scheduled to be commissioned by August 2009.

Stone India has informed us that the company executed technical collaboration agreement with Sumitomo Electric Industries, Japan for manufacturing of air spring for passenger and EMU/DMU/MEMU coaches for Indian Railways.

Sumitomo Electrical Industries is a leading supplier of this product to Shinaksen. They also supply air spring to other rail market worldwide. This collaboration will introduce the latest technology in this field to Indian railways which is going through major technology advancement in its rolling stock manufacturing.

The Indian railways (IR) proposes to install air spring as a technology upgradation. This will replace the existing mechanical suspension system with pneumatic suspension, resulting in higher passenger comfort for trains running at higher speed. This is in line with international practice. Currently IR inducts more than 2800 new coaches every year. IR also proposes to selectively upgrade their existing rolling stock of about 25,000 coaches through retrofitment of air spring and pneumatic suspension system.