Thermax signs technology deal with German company

18 Oct 2007

1
Mumbai: Energy and environment engineering solutions provider Thermax Ltd has signed a technical know-how transfer agreement with Balcke-Durr GmbH of Germany.

Under the agreement, Thermax will get licence to manufacture electrostatic precipitators (ESPs) - air pollution control equipment for steel, cement, material handling and power sectors, the company said in a filing with the BSE.

"This partnership will give Thermax a technological edge in the domestic power, steel, cement and utility sectors. We also gain access to overseas markets where we do have a presence and plan to grow,'''' Thermax managing director M S Unnikrishnan said.

Thermax expects to gain a good share of the air pollution control business emerging from this sector.

The company has a network of offices, service centres and franchisees across Southeast Asia, the Middle East and Africa for marketing and support of current business in these markets. It plans to utilise this infrastructure to expand its air pollution control business.

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