Page 136 - CW E-Magazine (27-2-2024)

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EXPANDED PORTFOLIO
ELGi in technology licensing agreement with Italian

company for vacuum products

ELGi Equipments Ltd., the Coim- in a sales and service organisation.
batore-headquartered manufacturer of All these will happen over the next
air compressors, has inked a technical couple of years. In terms of invest-
licensing agreement with Italy-based ment value, we are unable to disclose
DVP Vacuum Technology SpA, a fami- it now as we are working on it,” said
ly-owned company that has been in the Dr. Varadaraj.
vacuum business since 1973, to assem-
ble, manufacture, and sell the latter’s Over the last 10-15 years, the company DVP Vacuum Technology will bene-
vacuum products in India. has established its compressor busi- fi t from ELGi’s manufacturing cap-
ness in some of the largest geographies ability and sales & service presence in
“Vacuum is synergistic and adja- that constitute close to 65-70 percent of India to gain access to the fast-grow-
cent to compressed air, with profi tabi- the global opportunity for compressors. ing Indian market. The global vacuum
lity comparable with air compressors. “As we will grow compressor business in pump market has witnessed continuous
This is a strategic move to expand our these locations, vacuum product space is growth in the last few years and is
product portfolio, extend our reach the next largest opportunity where we are estimated to be worth around $6-7 bil-
in high-growth markets, and lever- investing. It will be a separate vertical,” lion in 2024.
age meaningful technological, manu- Dr. Varadaraj informed.
facturing, and marketing synergies,” Mr. Roberto Zucchini, President
said Dr. Jairam Varadaraj, Managing As part of the collaboration with and CEO, DVP Vacuum Technology,
Director, ELGi Equipments. “So far, the Italian company, ELGi will invest commented, “This agreement will al-
we have been working primarily on in engineering resources to absorb the low D.V.P. to enter the very competi-
compressors. Now, we feel we have DVP technology and localise them for tive Indian vacuum market leveraging
got some level of traction globally in the Indian market. Vacuum products the manufacturing structure and distri-
compressors for us to allocate some of will be produced out of its unit in bution network of Elgi. Furthermore,
the resources towards getting into the Coimbatore. there are interesting opportunities for a
vacuum products, incubate that busi- synergic exchange of components and,
ness in India, and then expand globally,” “There will be an investment into consequently, the possibility to empower
he added. an assembly line. We will also invest mutual business development.”

AGRI-WASTE UTILISATION
GHG Reduction Technologies ventures into

bio-briquette making

GHG Reduction Technologies expandable up to 1,200-tpm. Biomass burning in farm fi elds, thereby abating
Pvt. Ltd., a subsidiary of EKI Energy briquettes, made from agri-residue local environmental pollution. The
Services Ltd., has announced the such as sugarcane trash, corn cob, inauguration ceremony was attended
inauguration of its state-of-the-art soya husk, tamarind, and pomegranate by several dignitaries including
biomass briquettes (bio-coal) manu- waste, serve as a substitute for coal in Mr. Manish Dabkara, EKI’s Chairman
facturing plant in Dindori, Nashik, boilers and furnaces. and Managing Director, Mr. Pankaj
Maharashtra. Pandey, Chief Operating Offi cer, and
This not only minimizes reliance Mr. Samrat Sengupta, Vice Presi-
The plant has an initial production on conventional coal, but also plays dent, Business Development, among
capacity of 800-tpm (tonnes per month), a crucial role in reducing biomass others.

136 Chemical Weekly February 27, 2024

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