NewswireToday - /newswire/ -
New Delhi, India, 2008/04/09 - GEA Ecoflex India, part of GEA Ecoflex GmbH one of the world’s market leaders in Plate Heat Exchanger technology, which is part of the holding company GEA Group AG – stock listed on M-DAX – today announced that they are planning to invest 100 crores.
GEA Ecoflex India has embarked upon setting up a new factory at Pune, which will be ready by 2009. Sales offices have been set us across all the 5 metros in India and new ones are being established in key industrial cities. This factory will manufacture a wide range of Industrial plate heat exchangers, hygienic heat exchangers meeting the highest standards required for food processing, large heat recovery units unmatched in efficiency for Power, Fertilizers and Metal making industry. This plant will also bring together two of GEA group’s other companies – GMT and GES
The company aims to target primarily the Indian market and many other countries of Asian market of plate heat exchangers and this will thus help in setting up the in-house production for GEA Ecoflex India Pvt Ltd. The overall market size for Plate heat exchangers is estimates at Rs. 1200 crores annually.
“GEA Ecoflex India will be serving as a one stop source for the growing Industry in India, offering energy efficient and environment friendly heat exchange products”, said Mr. Virendra Jhamb, MD, GEA Ecoflex India.
Plate heat exchangers (PHE) are widely used by all Manufacturing industries like Food Processing industry, Power Plants, Air conditioning industry, sugar, paper, refrigeration, marine, textile industry to name a few.
The Indian Power sector is growing and newer plants are being set up to meet the increasing needs of power. GEA Ecoflex is contributing to the power sector through clients such as NTPC, BHEL, Reliance, Jindal group.
About GEA Group
GEA Group AG, the Global Engineering Alliance has over 250 companies under its umbrella with over Euro 5.2 billion turnover and with more than 19.500 employees worldwide. Founded as GEA Luftkuehler in 1922 the company is a front runner in engineering and technology and conglomerates pioneering expertise through its divisional companies. The Process Equipment Division provides innovative and reliable solutions in the field of heat transfer.
GEA created EcoFlex in 1995 to focus on gasketed and welded plate heat exchangers under the Ecoflex name. GEA Ecoflex has been present in India since the year 2000 and has grown to become a leading supplier of Plate Heat Exchangers in the country. Each subsidiary of GEA benefits from know-how of strong alliances within the group thus being cost effective and customer oriented.
GEA Maschinenkuehltechnik GmbH, based with the headquarter in Herne, Germany and production facilities in Poland and China offers a wide range of compact type heat exchangers for the following applications like Charge Air Cooler for Diesel and Gas Engines, Closed Circuit Cooler for Generators & Electrical Motors, Cooler for Rail Vehicles and Pressure Gas Cooler.
The core competence of GEA Maschinenkuehltechnik GmbH is the production of these heat exchangers. Each cooler is custom made under the sternest safety measures, continuous quality control as well as time-coordinated work sequences to meet all requirements.
GES’s headquarter and project departments are located in Northern France and the manufacturing is presently located at three facilities: France, Poland and China. GES also offers a complete range of packaged cooling tower’s for industrial applications.
GES coolers are used in various industrial areas however the core businesses are clearly defined in the following order like Power generation (remote air cooled radiators for gas engines, diesel engines, gas turbines), Iron and steel industry (dry coolers, cooling towers and coils for furnaces, galvanisation lines, chemical baths), Air conditioning (coolers and condensers for chillers).