The Swiss headquartered industrial fan manufacturer
Flakt Woods has decided to increase component imports
from India. The company currently imports fan components
like aluminum fan blades from India worth Euro 7 million.
on the plans Flakt group chief executive officer Didier
Forget, said, "The European market for industrial
fans grow by just 2 per cent per annum. As a result
the one way to increase the profitability is to reduce
the component costs." The group is looking at
India, China and Eastern Europe for sourcing components.
Flakt sources component worth around Euro 260 million
are looking for castings, plastic mouldings, motors
and the like from India and other countries."
According to Forget, investment in tooling at the
suppliers end would be made if necessary.
the industrial fan major, the Indian strategy is two
fold viz (a) initially to have India as a sourcing
base for components and later make its Indian subsidiary
Flakt (India) Limited the production hub for South
East Asia and West Asia and (b) grow Flakt India in
the domestic market launching new products.
realise the second goal, Flakt India is now targeting
new market segments the residential and commercial
buildings with basement car park. For this segment
Flakt India has launched the ductless ventilation
system/basement car park exhaust fan system.
fan with sensors will switch on automatically when
it senses the car park air quality deteriorating below
certain levels to remove the stale air and to infuse
fresh air. "This way there will be savings in
the power cost. In the conventional exhaust system,
the fan has to run 24 hours resulting in high power
consumption," claims Flakt India's MD & CEO,
to him the company has orders for around 400 units
and has plans to sell around 4,500 units in a year.
Rs70 crore turnover Flakt India has two plants. It
Chennai plant fabricates large industrial fans used
in cement, steel and power sectors. The Kolkata plant
manufactures smaller fans for
light industries. According to Baijal, the company
has plans to invest around Rs20 crore in the two plants
to enhance the production capacity. Last year the
company invested a similar sum in the two plants.