Indian subsidiary
of the Swedish Sandvik Group complets 50years of operations in India
Plans
Golden Jubilee year celebrations in India
Hyderabad|India|January'2010: Sandvik
Asia Limited, the Indian subsidiary of the Swedish Sandvik Group, has
entered into its 50th year of operations in India. Sandvik has
manufacturing facility in Patancheru in Hyderabad. The company was
established in 1960 on the invitation of Pandit Jawaharlal Nehru, India’s
first Prime Minister aiming industrial development in the newly
independent India.
The company has lined up a series of events and activities through the
year to commemorate its golden jubilee year.
As part of Golden Jubilee celebrations, various programmes have been
organized at manufacturing facilities located in Maharashtra (Chiplun),
Gujarat (Mehsana), Andhra Pradesh (Patancheru/Hyderabad) and Tamil Nadu (Hosur)
to reach out to the community.
Sandvik Asia Limited registered a turnover of Rupees 18637 Million (Rupees
Eighteen Thousand Six Hundred Thirty Seven Million) in 2008 . The company
has 2000 (Two Thousand) personnel across manufacturing facilities located
in Maharashtra (Pune and Chiplun), Gujarat (Mehsana), Andhra Pradesh (Patancheru/Hyderabad)
and Tamil Nadu (Hosur) with offices spread across the country. Sandvik
Asia has grown to be one of the important subsidiaries of Sandvik Group.
It supports the business growth in the international market with supply of
products, processes and people. Sandvik has centers in India for R&D and
modelling, engineering, design and development as well as recycling.
Mr. Hakan Kingstedt, Managing Director & President, Sandvik Asia Limited
speaking on the occasion, said: “Our golden jubilee is a special occasion
for us. Sandvik’s relationship with Andhra Pradesh, India and its
phenomenal growth during the last decade has a place of privilege at the
Group Head Quarter at Sandviken, Sweden. Today, our Indian operations
contribute significantly to Sandvik’s global footprint in not just
manufacturing but R&D, sourcing and marketing.
About Sandvik AB: Sandvik is a high-technology engineering group, with
advanced products and world-leading positions in selected niches.
Operations comprise the Tooling, Mining and Construction, and the
Materials Technology business areas. The Group has 50,000 employees,
representation in 130 countries, with annual sales of approximately USD 13
billion
Reachout's News Bureau
January'
2010
