Press
Sematic group announces a joint venture to provide elevator products to the Indian market
2 November 2009
Osio Sotto (Italy) and Mumbai (India) — During Interlift 2009, Sematic Group announced an agreement to form a joint venture with Revathi Enterprises to provide components for elevators to the Indian market and neighborhood countries.The joint venture will be named “Sematic RE Pvt. Ltd.” and will have the purpose of selling and manufacturing Sematic doors and cabins in the Indian booming market.
This initiative, together with the starting of direct operations in Turkey, continues Sematic expansion strategy in the worldwide elevator market. In India, Sematic will commercialize its high quality and performance products, taking special care also in assuring manufacturing reliability and high quality pre and after sales services through significant investments in processes and training.
The manufacturing plant, where Sematic products and Revathi Enterprises components for elevators will be produced and distributed, has been identified in a location in the Mumbai industrial area. The new company will be operational soon and will be officially presented at Mumbai 2010 International Elevator & Escalator Expo (IEE Expo), which is scheduled for next February 3-5.
Sematic Group will bring into the new company its know-how on applications, mechanical engineering and long term relationship with multinationals while Revathi Enterprises its expertise in metal-sheet manufacturing and assembling and deep knowledge of the Indian market.
“The new company will combine the advantages of Sematic global organization with Revathi Enterprises strong local presence and knowledge of the market”, explains Roberto Zappa, Sematic Group Chairman & CEO, “It’s a further step in the consolidation of our marketing and sales strategies that will open new business opportunities for both companies”.