tag:blogger.com,1999:blog-4899103722933689680.post4473625957671652935..comments2024-02-27T11:21:48.313+05:30Comments on Beating The Dalal Street............: Beijing 'liberates' the yuan.....against all the presumption that it will not happen....Rajeev Desaihttp://www.blogger.com/profile/13770541646082106675noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4899103722933689680.post-85258757531061912642010-06-21T07:01:23.303+05:302010-06-21T07:01:23.303+05:30For : Windsor ...For : Windsor Machine Read the march 2009 edition<br /><br />http://www.plasticsandrubberasia.com/archive_issues09.htmlraj shahttps://www.blogger.com/profile/10950259448065481621noreply@blogger.comtag:blogger.com,1999:blog-4899103722933689680.post-77488656768193301872010-06-21T01:41:46.577+05:302010-06-21T01:41:46.577+05:30TT,
If you are referring to a article, please pos...TT,<br /><br />If you are referring to a article, please post the link rather than copying the whole article.<br /><br />Long comments make reading uneasy.<br /><br />Regards<br />PrashantPrashanthttps://www.blogger.com/profile/07036425366961203766noreply@blogger.comtag:blogger.com,1999:blog-4899103722933689680.post-55393358908248518042010-06-20T23:27:45.187+05:302010-06-20T23:27:45.187+05:30News as on march 2009 taken from magazine
Windso...News as on march 2009 taken from magazine <br /><br />Windsor banks on growth from joint ventures Having been on a roller coaster ride these past few years,<br />Indian machinery maker Windsor Machines has found its footing and is now ready to expand, said RR Nagrajan, Executive Director of the company. This comes on the heels of a major transformation, undertaken over the past year, to turn the company around. Set up in Thane (near Mumbai) in 1964 under a collaboration with RH Windsor of UK, in 1984 it was bought by Klockner-Werke of Germany and renamed Klockner Windsor India. In 1994, it changed hands again when Dilip G Piramal bought it and renamed it DGP Windsor India and then as Windsor Machines in 2005.<br />According to Nagrajan, though Piramal still owns the<br />PLASTINDIA REVIEW<br />company by virtue of being the largest shareholder, Windsor has a new investor in the form of Jain Irrigation (the second biggest irrigation equipment company in the world that supplies irrigation pipes, sprinklers and plastic sheets to India’s agricultural sector).<br />“The investor is still negotiating with bankers on the amount of temporary debt to be transferred into equity,”said Nagrajan, adding that a large number of bank creditors had already been resolved. The new investor has appointed Prakash Kundalia to manage the company and, while it is jointly managed with Piramal at the moment, he is expected to take over the reins in due course.<br />The “sustainable transformation” has meant that the company had to close down its Thane facility (it has moved its operations to Gujarat) and downsize its workforce to 500. The“correction phase” having been completed, Nagrajan says the company is now ready for the “growth phase”, which it expects will largely be built by forming new joint ventures.<br />It currently has collaborations with German extrusion company Kuhne, which supplies its spiral die to Windsor’s blown film lines, and with Sumitomo. Together with Sumitomo, Windsor was instrumental in introducing the first locally produced hybrid injection moulding machine to the Indian market. After the ten year collaboration between both companies ended in 2007, in October last year, the Japanese company appointed Windsor as the sales/service representative for Sumitomo machinery in India. This is in spite of the relationship Sumitomo has with L&T- Demag (it bought Demag last year). Nagrajan offers an explanation. “We like to think it is based on our product and quality emphasis, customer orientation and employee commitment.”<br />While Windsor offers blown film, pipe and injection moulding machinery under one umbrella, the setting up ofthree separate companies to undertake the diverse product range is “definitely on the cards” and may happen as soon as18 months. Also to happen soon is a more firm set up withKuhne, “once the dating phase is over”. Other dialogues with European/Japanese companies are underway, for technical partnerships (it previously had collaborations with Wavin and Rollepal for its pipe machinery), though Nagrajan would not name the parties involved.<br />During the next phase of development, Nagrajan expects Windsor to quadruple its growth in four years. He said it was an opportune time for the company to forge its joint venture partnerships, as more investors are moving to India. “We are confident that with the joint ventures, and our positioning ofbeing able to offer quality technology at lower costs, Windsor will be an excellent export base for all the three product lines,” he concluded. Nagrajan says the company’s long-term vision is to battle Chinese competition by adopting a broader positioning for its products and not just focusing on pricing alone.“Our business, especially the injection moulding business, is proactively driven by the osmosis of taking high-end customers, who normally rely on European and Japanese technology,” he addedraj shahttps://www.blogger.com/profile/10950259448065481621noreply@blogger.com