Dresser establishes EOU in Coimbatore

The United States-based Dresser Flow Technologies has invested roughly 2.5 million dollars at the Export Oriented Unit (EOU) inaugurated here on Wednesday.After inaugurating the facility, Barry Glickman, president of the Dresser Flow Technologies Segment, told that the company started operations here in November 1999 and had so far invested approximately seven million dollars.

The Export Oriented Unit was an opportunity for the company to increase capacity in India and its export facility here. India, China and Mexico were the three critical locations for Dresser Flow Technologies. About 10 per cent of the company’s total sales came from supply of products delivered from the facilities in these three countries. The company would be expanding production facilities in these countries.

This would include moving production from some other locations apart from fresh investments.
With the global economic recession, the valve market had slowed, but not dramatically. This was a good time to establish capacities to benefit in future, he said.In Coimbatore, it had access to high quality work force, supply chain that was cost effective and engineering capabilities. The total number of people employed by the company here was 200 and the number of vendors was 50.

In India, the company currently had manufacturing facilities only in Coimbatore.On exploring other locations for production facilities, he said, “At this moment, Coimbatore is the location.”
About 70 per cent of the production here was for exports now and 30 per cent for the domestic market. The company planned to at least double the capacity in five years.

The Indian economy was growing and the country had a critical mass. So the supply to the domestic market should go up. Power sector would drive growth here.Mr. Glickman added that the Coimbatore facility manufactured for two brands – Dresser Masoneilan and Dresser Consolidated.

Both the brands were owned by Dresser and the facility was also wholly-owned by Dresser. The company had a wide spectrum of products in the control and pressure release valve segments, he said.David M. Vernon, vice-president, Global Supply Chain Management of the Dresser Flow Technologies, M. Krishna, Managing Director of Dresser Valve India and Vijay Kaul, vice-president – sales and marketing of the company were also present at the inaugural.

Related Posts by Categories

Business News

• Coimbatore identified for lean manufacturing programme
• Industrial estates for smaller units sought
• BEML opens its Vendor Dev Office !!
• L & T Opens its casting unit !!
• Kannan Departmental Stores on expansion
• Chamber seeks removal of duty for fibre imports
• Tata launches Photon Plus in Coimbatore
• LMW sees increase in capacity utilisation
• Premier mills fory into luxary bed market
• India tops in BPO list !
• Ramco organises programme to explain its products
• Skill development programme
• L&T bags hospital building order at cbe !
• NEPC sets up a SEZ at Palladam !!
• Top Pricol official injured in an Attack
• Swiss delegation explores business opportunities
• Move to derecognise Coimbatore Stock Exchange stayed by HC
• ‘Made in Coimbatore’ expo in Mangalore
• UNIDO launching new cluster programme !
• Powerloom strike continues.....
• Pump set price may go up !!
• Japanese delegation explores opportunities in semiconductor sector
• Duty Free Shop Inaugurated At Coimbatore Airport
• U.S Consulate Consul General @ Coimbatore