Emerson Process Management, one of the five business segments of global technology provider Emerson, on Friday announced the completion of the integration of the former Fisher Sanmar joint venture to further strengthen its growth plans for India.
Addressing presspersons here, Sabee Mitra, President, Emerson Process Management, Asia-Pacific, said the joint venture had been formally renamed Emerson Process Management Chennai Pvt. Ltd.
The acquisition included the transfer of more than 275 employees and the manufacturing facilities at Karapakkam, Chennai, Mr. Mitra said.
The Chennai facility is offering a full range of control valves and regulator products for the process control industry.
(The U.S.-headquartered $21-billion Emerson has 240 manufacturing facilities around the world. It currently operates from 240 manufacturing locations of which 160 are located in the U.S.)
Amit Paithankar, Vice-President (Sales) Emerson Process Management India, said over the last three years Emerson had invested $700 milllion in India. This investment was made for acquiring companies which include Fisher Sanmar, Chloride (representing DB Power) and Rosemount besides engineering centres across the country.
He said Emerson Process Management India was helping businesses automate their production, processing and distribution in industries which include power, petrochemicals, pharmaceuticals, metals and the like.
The company was planning to invest $7-8 million in the next 3-4 years to expand capacities in three manufacturing facilities located at Navi Mumbai, Baroda and Chennai. The existing capacity of 12,000 valves per annum in Chennai would be doubled in the next 3-4 years. The service centres also would be increased to six from three. It was also planning to double the headcount to 5,000 in the next 3-4 years.
Mr. Paithankar said the company, which reported a revenue of Rs.160 crore as on March 31, 2011, was expecting to post a 15 per cent growth in the next year.
The company showcased here on Friday some of its latest innovations for its wireless technology solution.
