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Private Sector | Gujarat - India | PID: 152691
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Surat-based Pooja Heatex has joined hands with German-based Funke Warmeaustauscher Apparatebau GmbH to manufacture a wide range of plate, shell and tube-type heat exchangers used for various applications in different industries
Funke plans to invest about $50 million (Rs 350 crore) in the joint venture company Funke Heatex India
To start with, Funke intends to manufacture heat exchangers for process equipment at Pooja Heatex factory in Surat and supply to its existing customers in India, South Asia, West Asia, Africa and both North and South America. Some of the employees of the joint venture company will undergo training at Funke facility in Germany
The new joint venture targets sales revenue of over $75 million (Rs 495 crore) in India and $150 million (Rs 990 crore) from exports over five years
| Updated on: 02 - Dec - 2015
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