CORROSION ENGINEERING SPECIALISTS CORROCOAT HAVE ENTERED INTO A LANDMARK JOINT VENTURE
19 April 2006 - Corrocoat

Corrosion engineering specialists Corrocoat have entered into a landmark joint venture with Kirloskar Brothers Limited, one of India’s premier engineering groups and a world leader in fluid handling systems.

The two organisations, both leading names in their own fields, have joined forces to establish a new company based in Pune, India. Known as Kirloskar Corrocoat Private Ltd, the new company will manufacture selected products from Corrocoat’s range of industrial coatings under licence in India, opening up new opportunities for Corrocoat and Kirloskar and expanding the application potential for these high performance materials.

Exclusive manufacturing facilities have already been set up at Kirloskarvardi, the headquarters of Kirloskar Brothers Ltd, and forward planning and investment will allow for production to increase tenfold over the next few years in line with projected demand.

Charles Watkinson, Chief Executive for Corrocoat, underlines the potential for the new company. "Corrocoat’s business relationship with Kirloskar Brothers dates back more than a decade, as the company has been successfully applying our products under licence in India for many years. Investment in this joint venture opens up new opportunities to further expand our international business interests, whilst improved technical collaboration will play a role in expanding our capabilities and improving our services to customers worldwide," he stated.

http://www.corrocoat.com

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