Thursday, Mar 28 2024 | Time 16:01 Hrs(IST)
image
Press Releases » Business Wire India


American Multinational Zampell Enters Asian Market Through Cooperation Agreement with Somal Refractories

Business Wire India

Somal Refractories based in Ludhiana and Zampell based in Massachusetts, USA, signed a cooperation agreement on 22 August 2020. 
 
The cooperation agreement will enable Somal Refractories to expand its product market to include Europe and America, given the huge market channel of Zampell and for Zampell to expand their installation capabilities to include the Asian Market into their global footprint. The focus will also be to expand technological capabilities by collaborating with other partners with supporting technologies from Zampell’s global footprint. 
  
Zampell is headquartered in Massachusetts and has branch offices in Maine, Connecticut, Pennsylvania, Florida, Texas, Louisiana, Oregon, and California. Zampell also has a subsidiary, Zampell A/S, with locations in Jutland and Sjælland in Denmark, and subsidiaries Zampell Ltd. and Vulcan Refractories, Ltd. in the UK.
 
Gursimar Somal, Managing Director of Somal Refractories, who has an MBA degree from Columbia University, remarked that “This agreement is an inflection point in the history of our company and will enable Somal Refractories to become a major global player in the future. Customers are looking for full solution providers and combining Zampell’s installation capabilities and our Manufacturing capabilities will give us a strong competitive advantage in the global market.”
 
Brian Zampell, President and CEO of Zampell remarked, “It’s been great getting to know Gursimar and hear his experiences growing up in a family business. It’s very similar to our story at Zampell. I think Somal is the right cultural fit for Zampell in taking our next steps towards investing in India as a huge industrial market for the future. It’s amazing to me that we got this agreement done despite the challenges of COVID-19, but it’s important that our customers and employees know we are still driving forward no matter what the challenges may be.”
 
Refractory is a critical material used for withstanding high temperatures and is majorly used in the Steel, Cement, Power, Petrochemical and Glass Industry.
More News

Royal Sundarams Innovative Smart Save Add-on: A Rising Need

28 Mar 2024 | 10:00 AM

Royal Sundarams Innovative Smart Save Add-on: A Rising Need

see more..
Minfy Signs Multi-Year Strategic Collaboration Agreement with AWS to Support US$500 Million in Global Business Growth

Minfy Signs Multi-Year Strategic Collaboration Agreement with AWS to Support US$500 Million in Global Business Growth

28 Mar 2024 | 8:00 AM

Minfy Signs Multi-Year Strategic Collaboration Agreement with AWS to Support US$500 Million in Global Business Growth

see more..

WNS Named a ‘Leader’ and ‘Star Performer’ in Financial Crime and Compliance by Everest Group

27 Mar 2024 | 5:30 PM

WNS Named a ‘Leader’ and ‘Star Performer’ in Financial Crime and Compliance by Everest Group

see more..

Celebrating Two Years: Jindal Aluminiums INR 400 Crore Investment Spurs Growth, Creates More Than 1000 Jobs

27 Mar 2024 | 6:15 PM

Celebrating Two Years: Jindal Aluminiums INR 400 Crore Investment Spurs Growth, Creates More Than 1000 Jobs

see more..

STT GDC India Recognized as Great Place to Work for the Fifth Consecutive Year

27 Mar 2024 | 4:30 PM

STT GDC India Recognized as Great Place to Work for the Fifth Consecutive Year

see more..
image