voestalpine B?hler Welding of Austria expands footprint in India

voestalpine B?hler Welding, a part of the metal engineering division of the voestalpine Group, Austria, has acquired Delhi-based Maruti Weld Pvt. Ltd. Generating an annual revenue of Euro 6.7 million in 2012, Maruti Weld is amongst the leading Indian companies in the welding consumables segment. The manufacturing plant of the company is located at Bhiwadi in Rajasthan, and has a total capacity of 20,000 tonnes. The Bhiwadi plant turns out high quality electrodes and flux cored wires. Employing 180 people, Maruti Weld acquisition is expected to provide voestalpine a production portfolio of over 75 grades ranging from mild steel, low-hydrogen steel, stainless steel and hard-facing welding consumables. The acquisition also comes as a part of the international expansion plan of voestalpine Bohler Welding, which aims to grow and develop into a one-stop provider in the welding consumables market. voestalpine B?hler Welding has been operating in India since 2006 through its marketing entity voestalpine Bohler Welding India Pvt Ltd, which is based in Mumbai. The Indian welding consumables industry is pegged at Euro 400 million, growing at the rate of 9 percent and caters to India’s Oil & Gas, Pipeline, Chemical, Power Generation, Transportation, Automotive, Brazing Industries and various other sectors. In the financial year 2012- 13, voestalpine Metal Engineering Division and its business units generated global revenue of more than Euro 2.9 billion, of which 40% was generated outside of Europe.