Thermax signs technology deal with German company
18 Oct 2007
Mumbai:
Energy and environment engineering solutions provider Thermax Ltd has signed a
technical know-how transfer agreement with Balcke-Durr GmbH of Germany. Under the agreement, Thermax will get licence to manufacture electrostatic precipitators (ESPs) - air pollution control equipment for steel, cement, material handling and power sectors, the company said in a filing with the BSE.
"This
partnership will give Thermax a technological edge in the domestic power, steel,
cement and utility sectors. We also gain access to overseas markets where we do
have a presence and plan to grow,'''' Thermax managing director M S Unnikrishnan
said. Thermax
expects to gain a good share of the air pollution control business emerging from
this sector. The
company has a network of offices, service centres and franchisees across Southeast
Asia, the Middle East and Africa for marketing and support of current business
in these markets. It plans to utilise this infrastructure to expand its air pollution
control business.