COIMBATORE: Coimbatore-based Elgi Equipments Limited (EEL), manufacturers of industrial and screw air compressors, will set up a subsidiary at Sao Paolo in Brazil.
According to a release from V. T. Govindarajan, Director (Global Business) of Elgi Equipments, the company is present in Brazil for two-and-a-half years and the subsidiary will help cater to the increasing demand in Brazil.
Elgi Compressores Do Brasil will be a 100 per cent subsidiary of Elgi Equipments and will be engaged in marketing electric and diesel screw compressors.
It will establish a network of distributors. It will also set up a manufacturing plant that will start production in 18-24 months.He said that Brazil had four per cent share of the global industrial compressor market.