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Business EconomyPosted at: Mar 25 2017 2:54PM


Puzzolana signs MoU with Tata International to foray into African markets

Hyderabad, Mar 25 (UNI) Puzzolana Group, a pioneer in infra machinery manufacturing solutions today signed a Memorandum of Understanding (MoU) with Tata International (TI) to expand its footprint in the international market like Africa.
The MoU was signed by Puzzolana Group Managing Director Prakash Pai and Tata International Executive Director and Head, Distribution Vertical Mr Len J Brand.
Puzzolana Group, a pioneer in infra machinery manufacturing offers comprehensive solutions across design, manufacture, supply, installation and commissioning of Crushing & Screening plants on turnkey basis. The company has two in-house foundries in Telangana and one at Karnataka, producing about 36,000 tons annual capacity of steel castings. Its state-of-art-technology cater to diverse sectors including roads, mining, marine and defence sectors. The brand holds 47 per cent market share in the domestic market and has over 70 installations spread across 20 overseas locations.
Speaking on the occasion, Mr Prakash Pai said “As part of the agreement, Tata International will be the distribution partner of Puzzolana for its Crushing & Screening business in the African Continent. This agreement will enable us to leverage Tata International’s strength and expand our footprint in the tremendously potential African markets”, he said.
Mr Brand said “ Tata International recognize that infrastructure development is crucial in Africa and it requires a cost effective solutions to drive best value for money. In Tata it is our endeavor to uplift the social level of community and this is a step in that direction to have this tie up and bring Puzzolana Indian products in Africa. This is the foundation stone in the Tata-Puzzolana partnership and we look forward to combining our industry knowledge with Puzzolan’s world-class product range to offer a ‘one-stop-shop for infra and mining customers”, he said.
Puzzolana Director Abhijeet Pai said in India, the total industry market size was Rs 2000 crore. The company has posted 100 per cent growth last year and expecting 110 per cent growth present fiscal. The company’s exports was 15 per cent and expecting 50 per cent growth by 2025, he added.
He said that the company also planning to enter North America as inorganic (acquisition) method.
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Tags: #Puzzolana signs MoU with Tata International to foray into African markets
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