Industry

Salzer Electronics in pact with Austrian firm

The tie-up will help the company manufacture dry type transformers for its customers in India and abroad.

The Coimbatore-based Salzer Electronics has entered into a technical and licence agreement with Austria-based Trafomodern.

Salzer will use Trafomodern’s technology to manufacture dry type transformers for its customers in India and abroad. Currently, there are only a few companies that manufacture this product in the country.

Salzer was already manufacturing transformers and wanted to get into dry transformers too. “The project cost for the manufacture of these is estimated at Rs.20-25 crore. Trial production is likely to commence in the third quarter of this financial year, and the commercial production next year. “Initially, we expect Rs.10-15 crore business from this segment,” a company spokesperson said.

In 2014-2015, Salzer reported Rs.308 crore turnover, and is targeting about Rs.400 crore this year.

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Printable version | Feb 24, 2020 7:58:11 PM | https://www.thehindu.com/business/Industry/salzer-electronics-in-pact-with-austrian-firm/article7425898.ece

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