About AAVID Thermalloy

Aavid, Thermal Division of Boyd Corporation has a long history of developing, designing, testing, optimizing, and fabricating reliable high-performance cooling solutions across all industries. Through consistent innovation in engineering and manufacturing, Aavid provides optimized, cost-efficient thermal solutions and systems utilizing the largest range of traditional and advanced cooling technologies.

About BOYD Corporation

Boyd identifies and solves customer challenges, like fluid and temperature control, ruggedization, quality & sourcing, safety management, optimization and integration, with extensive manufacturing knowledge and material science expertise. They adapt research and development theory into scalable manufacturable products, ensuring cutting edge solutions. Through these processes, they produce highly engineered, multi-functional environmental sealing, protection, and thermal management solutions that enable their customers to push products further.

Boyd Corporation is One Company, Many Solutions.

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About JVS Industries

JVS is the market leader in design, engineering and manufacturing of flow control equipment like valve, gate valves, actuators and pressure control equipment like drilling spool, spacer spool, diverter spool, tees, crosses, mud manifold fittings and cross over connector. Joulon has developed state-of-the-art technology for drilling manifolds and bespoke engineering services.

About Joulon Group

JOULON offers comprehensive asset management services to customers in the energy industry through a portfolio of established manufacturers and service providers, complemented by a global team of experts with decades of asset ownership and management experience. Their customers are asset owners and operators in the energy industry.

JOULON was founded in January 2016 in partnership with Kohlberg Kravis Roberts & Co (KKR), a leading global investment firm with deep industry and investment expertise.

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MG Motor India would roll-out its first car from the plant in 2019 and have an initial capacity of 80,000 units per annum in the first phase.

A subsidiary of General Motors’ Chinese joint venture partner, SAIC Motor Corporation Ltd, MG Motors India had earlier signed a deal with the Gujarat government and GM India for transfer of lease of the Halol land. With this, the $100-billion SAIC would become the first Chinese auto major to have a dedicated manufacturing base in India.

SAIC had acquired the iconic British racing car brand, MG, in 2008.

Spread over an area of 170 acres, the Halol facility would be completely revamped by MG Motor over the next two years. Already, an initial workforce of 70 employees has been hired by MG Motor India.

Terming it as a “water-shed moment” for the company in India, Rajeev Chaba, president and managing director, MG Motor India, said that the aim was to contribute to the ecosystem in Gujarat by generating employment opportunities for local talent as well as leveraging the supplier base.

“The Morris Garages brand already has a huge resonance in India, with at least 500 owners in India since 1924, when the brand was first established in the UK. These owners and many passionate fans have expressed their curiosity, keenly anticipating the brand’s return to India,” Chaba said.

Around five global vendors of the company, too, are likely to set up their manufacturing base in Halol, and this is likely to entail an investment of another Rs 1,000 crore or so. These investments could generate employment for around 1,000 people.

MG Motors would not be the only new car brand to hit the Indian roads in 2019. Kia, a subsidiary of Korean auto major Hyundai, also plans to start rolling out cars from its upcoming Rs 7,000 crore manufacturing plant in Andhra Pradesh, being set up to produce 300,000 units a year.

Global players are betting big on the Indian market, which is amongst the fastest growing markets and is poised to emerge as the third bigger car market from the third position now. A total of about three million passenger vehicles (cars, utility vehicles and sedans) are sold in the domestic market annually while about 700,000 units are exported.

(Report: Business-standard)

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Targets INR 1000 crore revenue by 2020

New facility to increase production capacity by 8x, by Dec 2018

Make in India, Made for India

In strengthening its India commitment, REHAU, a leading system and service provider for polymer-based solutions in windows, furniture & building industry, inaugrated its 3rd manufactuing facility in Halol-Vadodara. The facility was inaugrated today by Mr. Damian Kirby, CEO, REHAU, Asia Pacific and Mr. Ajay Khurana, Chairman, REHAU South Asia and Mr. Klaus Marquardt, Head of Operations & SCM, Furniture Solutions. The new manufacturing facility is constructed on a total floor area of 6500 square meters.

From Left to Right: Mr. Paul Polycarp Plant Head Halol, Vadodra, Mr. Sanjay Gautam, Sales Director Industrial Solutions, Mr. Ajay Khurana, Chairman, REHAU South Asia, Klaus Marquardt, Head of operations & SCM, Furniture Solutions, Mr. Damian Kirby, Chief Executive Officer, REHAU Asia Pacific at the inauguration of REHAU’s Vadodra manufacturing facility

The REHAU Vadodara manufacturing facility is equipped with advanced automation technology connecting people, processes and assets for timely production and review cycle. Initially, the new facility will produce Edgebands and over a course of few months, new products such as RAURAIL – 3rd Rail production will be introduced, depending upon market and project needs. The new manufacturing facility will increase production by 8x by the end of 2018. This newly inaugrated facility is part of REHAU’s vision to attain a revenue of INR 1000 crore by 2020.

Unveiling of the foundation stone at REHAU’s Vadodra manufacturing facility

This facility is based on energy efficient guidelines which include non-toxic cables and wires. Further, main power transmissions at the facility are replaced with Bus duct and Bus bar trucking. The entire roof has been covered with reflective thermal coating and Energy Management System through Bus and PLC has been deployed ensuring maximum safety for employees.

Mr. Damian Kirby, CEO, REHAU Asia Pacific, “The Indian market is one of the keygrowth drivers for REHAU in Asia Pacific. We have had a fantastic growth trajectory and have expanded the business on all counts: products, technologies, people and state-of-the-art manufacturing plants. The opening of 3rd manufacturing plant in Vadodra is a testimony of REHAU’s India success and its commitment to further grow and cater to the emerging demand for its products from customers and partners alike.”

Mr. Ajay Khurana, Chairman, REHAU South Asia, “The opening of REHAU’s 3rd plant is a milestone achievement, outlining our expansion strategy and support to the Government’s Made in India vision. Gujarat has been a hub for innovation and an example for leading the way in industrial development over the last several years. This is the beginning of many initiatives planned to accelerate our growth in the market.”

Added Mr. Khurana, “Quality is a key factor for creating, upgrading or renovation of any space. Today’s consumers and partners are extremely aware and conscious about their buying decisions and are constantly looking at value addition both from a style and efficiency perspective. This has further fuelled the demand for new age products with high quality standards. The new plant features state-of-the-art technologies and will produce a range of products catering to the retail market.”

About REHAU India

REHAU is a German based company dedicated to beautify and enrich homes with innovative choices; REHAU prioritizes and delivers superior solutions all the way from product design, applications while providing great variety in terms of choices. Expertise and innovative spirit have made REHAU a leading system and service provider for polymer-based solutions in windows, furniture & building industry. At more than 170 locations, nearly 20,000 employees in 54 countries contribute to the firm’s growth and success. REHAU continues to expand on six continents in order to operate as an on-site partner. REHAU’s product range includes more than 40,000 different products. REHAU offers more than 18,000 different designs for surfaces used in the interior world. Each year, 1,000 new designs are added. This makes REHAU both a sought-after source of inspiration and a development partner for the polymer industry.

(Source: newsvoir)

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GE reached an agreement with Alstom in 2014 to purchase Alstom’s power and grid businesses for €12.35 billion.  Adjusting for the joint ventures announced in June 2014 (renewables, grid, and nuclear), changes in the deal structure, price adjustments for remedies, net cash at close, and including the effects of currency, the purchase price is €9.7B (approximately $10.6B). This includes working capital usage of approximately €0.6B in the month of October.  GE expects the deal to generate $0.05-0.08 of earnings per share in 2016 and $0.15-0.20 of earnings per share by 2018.  GE is targeting $3.0 billion in cost synergies in year five and strong deal returns.  The overall economics and strategic rationale remain the same as GE announced in April 2014.

“The completion of the Alstom power and grid acquisition is another significant step in GE’s transformation,” said Jeff Immelt, chairman and CEO, GE. “The complementary technology, global capability, installed base, and talent of Alstom will further our core industrial growth. We are open for business and ready to deliver one of the most comprehensive technology offerings in the energy sector for our customers.”

Customers will realize immediate benefit from the combination of GE and Alstom, including these current projects:

• PSEG Sewaren (New Jersey combined cycle power plant): GE 7HA gas turbine + Alstom heat recovery steam generator (HRSG)
• Punjab Pakistan Bhikki (Pakistan combined cycle power plant): two GE 9HA gas turbines + Alstom steam turbine
• Exelon Power Plants (Texas power projects): four GE 7HA  gas turbines + four Alstom HRSGs
• Chempark (Leverkusen, Germany combined heat and power project):  GE 9HA gas turbine.

In addition, GE and Alstom are both preferred bidders for a combined cycle plant project in Asia that would use two GE 7HA gas turbines, two Alstom HRSGs and one Alstom steam generator, and Alstom is the preferred bidder for Arabelle steam turbines in two UK nuclear reactors; the preferred bidder for boilers, steam turbines and generators a clean coal project in the Middle East; and has successfully delivered India’s first 800 kV High Voltage Direct Current (HVDC) power transformer for the Champa-Kurukshetra project.

GE also announced today it has completed the sale of its rail signaling business to Alstom for approximately $800 million.

GE continues to execute its strategy to become a simpler, more focused company. In addition to the Alstom acquisition, the split-off of Synchrony Financial has commenced; the GE Capital exit strategy is ahead of plan, with $126 billion of signed dispositions; the recent formation of GE Digital is consolidating all digital capabilities across the company to provide customers with the best industrial solutions and software; and GE is winning in the marketplace and delivering strong financial results.

Reference: GE News Room

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While the decision of shutting down the Halol plant was echoed by the American automaker in July 2015, the Shanghai Automotive Industry Cooperation stepped in in January 2017.

The Chinese buyout is a step in the direction of increasing its automotive footprint in India and at the same time giving a hand to the American automaker that recently said that it might make a formal announcement of stopping its Indian operations starting May, which could mean a decision to wind down its presence in the country might be in the offing.

SAIC has plans to reportedly invest $1 billion in India as part of its strategy along many others to enter the Indian market which is set to be the third largest in the world by the end of this decade.

General Motors, on the other hand is looking at withdrawing from the Indian market due to thinning of sales. GM India has been operating below annual capacity of 110,000 units in the country that is currently dominated by the likes of Maruti Suzuki and Hyundai.

Ref: Economic times article

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