TPT November 2009

I ndustry N ews

Indian firm wins engineering awards

by the Prime Minister of India Dr Manmohan Singh. Siddhi Engineers – India Fax: +91 79275 45089 Email: siddhiindia@siddhiindia.com Website: www.siddhiindia.com

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 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.”

Entrepreneurship and Research & Development – 2008 at Vigyan Bhavan, New Delhi from Dinsha Patel, Ministry of MSME. The award ceremony was held

 Bhagwat Patel from Siddhi Engineers (fourth from left) and his wife Smita Patel are presented with the award

Sandvik to open new strip service centre in China

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. 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.

“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: www.smt.sandvik.com 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

TRUMPF profits rise, despite lull in product demand

Fax: +49 715630 330309 Website: www.trumpf.com

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N ovember 2009

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