PRESS RELEASE
8 March 2011
On 4 March 2011, Sapa Profiles India Pvt Ltd entered into an agreement with Alufit
(India) Pvt Ltd, whereby Sapa will buy the assets of Alufit related to its aluminium
extrusion business operated out of its plant in Kuppam, close to Bangalore in southern
India. The transaction is subject to various regulatory conditions, which the parties
expect to satisfy in the near future. The plant, which was built in 2009, is an integrated
one-press extrusion facility with both powder coating and anodizing capabilities.
“It is Sapa’s clear ambition to establish a strong presence in Asia. The transaction with
Alufit in India is an important step to realize this ambition. Through this transaction Sapa
will be able to extend its products and technical expertise to the growing base of Indian
customers”, says Johan Menckel, Business Area President Sapa Asia & Middle East.
Sapa has already established a manufacturing plant for extrusion based thermal
management applications in Bangalore, and the transaction with Alufit will allow Sapa
to further expand its business in India. “We expect strong growth in the quickly
developing Indian market. Customers are increasingly demanding higher quality and
more complex solutions, which Sapa will be able to supply”, says Johan Menckel.
After the completion of the transaction, Sapa would be the first global aluminium
extrusion company with local production facilities in India.
For more information please contact:
Johan Menckel, Business Area President Asia & Middle East, +86 138 178 086 84
Kshemendra Nath, Managing Director Sapa Profiles India, +91 98 92 575322
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Sapa is the largest aluminium profiles producer in the world. The Sapa Group develops,
manufactures and markets value-added profiles, profile-based building systems and heat exchanger
solutions in the light-weight material aluminium. Sapa is divided in the business areas Sapa Profiles,
Sapa Building System and Sapa Heat Transfer and is represented in Europe, North America and
Asia. The business concept is built on close cooperation with customers. Sapa is the leading
company in its field of operation and have customers in the building, transport, engineering, telecom
and home and office industry. The Sapa Group has combined net sales of 33,000 MSEK and aprox
14,500 employees. Sapa is part of Norwegian Orkla ASA. Further information can be found on the
web site: www.sapagroup.com
Sapa
Postal Address Box 5505, 114 85 Stockholm Office Address Humlegårdsgatan 17
Telephone +46-8-459 59 00 Fax +46-8-459 59 50 Internet www.sapagroup.com
PRESSEMELDING
8. Mars 2011
Den 4. mars inngikk Sapa Profiles India Pvt Ltd en avtale med Alufit (India) Pvt Ltd, hvor
Sapa skal kjøpe de eiendelene fra Alufit som er relatert til aluminium
ekskruderingsvirksomhet. Denne virksomheten drives ved selskapets fabrikk i Kuppam, i
nærheten av Bangalore i sørlige India. Gjennomføringen av transaksjonen er betinget av
flere regulatoriske forhold som selskapene forventer å tilfredsstille i nær fremtid.
Fabrikken, som ble bygget i 2009, er en integrert en-presse ekskruderingsfabrikk med
både pulverlakkering og anodiseringsfasiliteter.
“Det er Sapas klare amisjon å etablere en sterk tilstedeværelse i Asia. Transaksjonen
med Alufit er et viktig steg i gjennomføringen av denne ambisjonen. Sapa vil således
kunne bidra med produktkunnskap og tekniske ekspertise til fordel for et økende antall
Indiske kunder”, sier Johan Menckel, Sjef for forretningsområdet Sapa Asia & Middle
East.
Sapa har allerede bygget en fabrikk for ekstruderingsbasert thermal management
løsninger i Bangalore og med transaksjonen med Alufit kan Sapa utvide sin
tilstedeværelse i India ytterliggere. ”Vi forventer sterk vekst og videreutvikling av det
indiske markedet. Kundene etterspør allerede høyere kvalitet og de mer komplekse
løsningene som Sapa kan tilby,” sier Johan Menckel.
Etter gjennomføringen av transaksjonen vil Sapa være det første globale
aluminiumsselskapet med lokale ekskruderingsfasiliteter i India.
For mer informasjon kontakt:
Johan Menckel, Business Area President Asia & Middle East, +86 138 178 086 84
Kshemendra Nath, Managing Director Sapa Profiles India, +91 98 92 575322
Sapa
Postal Address Box 5505, 114 85 Stockholm Office Address Humlegårdsgatan 17
Telephone +46-8-459 59 00 Fax +46-8-459 59 50 Internet www.sapagroup.com