Wurth to expand India sale operations
Wurth plans to expand its operations in the country and would employ over 5,000 people in next ten years.india Updated: Apr 06, 2006 12:44 IST
German fastening and assembly material manufacturer Wurth, which is aiming at Rs 25 crore revenues from its India operations by the year-end, plans to expand its operations in the country and would employ over 5,000 people in next ten years.
"Wurth group has been more than just a source of screws, screw accessories, dowels and plugs, tools and chemical products and now we are working towards establishing a network across the country for quick delivery of electrical installation materials, electronic components and screws to small and medium industries," Chairman of Advisory Board Wurth HC Reinhold Wurth said.
Through its five offices, one each in Delhi, Mumbai, Chennai, Kolkata and Bangalore, the company aims at establishing a distribution channel that provides products and services to customers such as auto repair garage, ware houses, wood and metal working units, he said.
The company currently employs about 250 people and plans to employ over 5,000 in next ten years.
Wurth would replicate the direct-distribution model that is followed in other parts of the world. The company operates in 81 countries across the globe and has acquired about 200 companies and is open for acquisitions in India as well.
"The material that we distribute is largely ours but in about 5 per cent of the cases, we deliver goods from other manufacturers without compromising on the quality. We may consider acquiring companies if it helps us grow."
The company, which is operating under the name of Marion Wurth India Pvt Ltd, expects to earn Rs 25 crore revenues by this year end," he said.
In addition to its traditional range of products the group have also been selling protective clothing, products for hardware stores, electrical installation materials, printed circuit boards, financial services and even solar modules.
The company is also planning to set up a production unit in Bangalore for hi-tech printed circuits but declined to comment on the investments.
"We are looking for land to set up production unit for hi-tech printed circuits that could be used in various electric equipments. We have enough money to set up a unit and would spend whatever is economic," he said.
The company has about 350 mn Euros available which fully or partly could be used to expand the business, if the need be, he added.