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Gates India Pvt. Ltd. Press Release

 
Gates India Pvt. Ltd. Press Release
 

From Left to right- Mr. Nitin Kaul (Executive Director BPD International & Corporate Development), Mr. Jaideep Wadhwa (President I&A - India), Mr. Al Power (President - Industrial & Automotive Division), Mr.Rajesh C. Bhandari (Vice President- S&M, Gates India)

 

Reference –Selective Media  interaction on 4th  at hotel Le Meridien from 1 to 3pm on Gates operation in India, part of Gates Corporation, USA.

Tomkins (Industrial & Automotive) have several businesses and Gates happens to be by far the largest and most well known brands. In India Gates have manufacturing facility in Lalru for hoses, Chennai for Belts and Faridabad for hose assembly. The company is adding hose assembly facility in Pune and Chennai.

Vision of the company - Gates will advance the science of motion performance by being the partner of choice for the most trusted services, systems and components for power transmission and fluid transfer applications. We execute our vision by
focusing on:

– Customers

– Our People
– Continuous Improvement
– Safety and Sustainability
– Profitable Growth

1. Turnover – $100 Mi planned for 2011 and on course to achieve this at H1; growth of 30%+ over 2010
   
2. Projections for future – Double the turnover in next 3 years
   
3. New Products –The Gates specification are much higher than the standard SAE and results in leak free and power saving performance for the OEMs and the endusers.
   
4. Dom Buyers All major automotive OEMs and construction equipment manufacturers including Tata Motors, M&M, JCB are our customers.
   
5. Investments in this Plant – Tomkins is investing $ 40 Mi this year in India with Fluid
   
6. Power already have over USD 25 Mi investment in mixing plant at Lalru, Punjab and over USD 5 Mi is planned for investment in assembly facilities in Pune & Chennai. in new. Another $7 Mi is getting invested In Chennai belt plant.
   
7. Further injection of funds – India is a growth market and investment are not a constraint provided we have viable projects.
   
8. Competition – All international players have their presence in India. Parker and Manuli for the fluid conveyance and Fenner, Bando and Mitsubushi for belts are present in India.
   
9. Gates is celebrating centennial year - Events are planned during the year to reinforce what Gates stood for last 100 years and strengthen itself for next 100 years.
   
Products - Gates is presently selling Belts, Tensioners, Hose, Coupling, QRC, Hose protection products, Valves and Clamps. They plan to launch tube fittings, oil pumps and dry disconnect coupling in 2011.
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