TPT November 2009

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Industry News
38 November 2009 ›
SIDDHI ENGINEERS, based in Chhatral,
India, manufactures precision drawn
aluminium tubes, rods and profiles and
was formed in 1988 by mechanical
engineers Bhagwat Patel and Prashant
Gandhi.
Meticulous planning, qualitative
production, research and development and
continual development have been the main
attributes of the organisation, catering to
a high customer segment including the
automation and defence industries.
During its history the company has
achieved various national level awards
at regular intervals but the year 2009
has been a special year for Siddhi. The
company has recently received two
national awards by the MSME industry,
New Delhi, Government of India for
SANDVIK Materials Technology is investing
in a dedicated service centre with its own
slitting line in Zhenjiang, Jiangsu province,
China, ensuring that delivery times of
precision strip to all customers in China
can be kept to just one week. The service
centre was scheduled to open in October,
with a main feature of a new slitting line
operational during November.
Initially intended to supply strip to
customers throughout the Chinese market,
the centre will offer greater supply flexibility
and shorter delivery times, with material
finished to size from stock held on-site.
It will also open up options to supply
other Asia Pacific markets from the first
quarter of 2010. The new service centre
Entrepreneurship and Research &
Development – 2008 at Vigyan Bhavan,
New Delhi from Dinsha Patel, Ministry of
MSME. The award ceremony was held
will introduce a number of benefits, not
only for existing customers in China, but
also for those businesses considering
relocation to the region, with fast response
times and firm delivery dates for precision
strip supplies.
Sandvik will be able to provide made-to-
order material at short notice, supplied locally,
and facilitating fast growth of the market
sector in the region. The service centre will
focus on finishing and delivering precision
strip to customers for the manufacture of
flapper valves for compressors used in
automotive, refrigeration and air conditioning
units. It will also supply material to other
important market sectors in the region, such
as shock absorber manufacturers.
by the Prime Minister of India Dr
Manmohan Singh.
Siddhi Engineers – India
Fax: +91 79275 45089
Email:
Website:
“In a competitive marketplace we see
real benefits to both our customers and
their customers in our ability to supply
material with short lead times directly in the
local market,” explained Andy McCullock of
Sandvik Materials Technology.
“The fully equipped service centre will
facilitate greater physical and operational
flexibility, with the logistical capability
to ship material to multiple sites, thus
accommodating customer specific
requirements.”
Sandvik Materials Technology –
Sweden
Fax: +46 262 51710
Website:
Indian firm wins engineering awards
Sandvik to open new strip service centre in China
TRUMPF profits rise, despite lull in product demand
 Bhagwat Patel from Siddhi Engineers (fourth from left) and his wife Smita Patel are presented with the award
THE TRUMPF Group estimates its profits
will have risen significantly, despite a
slump in demand in the 2008/09 fiscal
year.
Sales fell by 23% to €1.66bn and
president Nicola Leibinger-Kammüller
said: “Our flexible tools that allow us to
quickly adapt production and working
hours to demand have so far proven their
value. We reacted quickly to the global
economic crisis, were able to reduce our
costs and achieved an acceptable income
before taxes during the past fiscal year
as a result. Given the current situation,
I would call that a success.”
TRUMPF expects orders received to
fall by 35% to €1.35bn. The company
recorded a downturn in all regions of
the world and in all of its divisions. The
TRUMPF medical technology division,
which produces equipment for ORs and
ICUs, was the only division to record
increases in sales.
TRUMPF’s workforce remained constant
at 8,000 employees. The machine tool and
industrial laser manufacturing company
did, however, reduce its manpower in
the face of lower orders, by cutting back
flexi-time accounts and introducing shorter
working hours.
The company also increased its
liquidity and equity capital in order to
prepare for the potential challenges posed
if the economic slump continues. The
Leibinger family, which owns TRUMPF,
injected €75mn into the equity capital,
boosting the company’s equity ratio over
the 50% mark.
The company will present its final
figures at its annual press conference on
20 October 2009.
TRUMPF – Germany
Fax: +49 715630 330309
Website: