On April 9, Frigel and Matsui Technologies India Limited (MTIL, a joint venture company of Matsui Japan and Samvardhana Motherson Group) announced a 50:50 joint venture to meet increasing demand for cooling solutions in the fast-growing plastics & beverage, and Oil & Gas industries in India. The new joint venture is named Frigel Intelligent Cooling Systems India Private, and will enable both JV partners to significantly enhance the quality of their current offerings.
“This is an important step for Frigel’s global strategic growth as we look to meet the rapidly growing need among processors in India for more advanced technologies and techniques to process cooling. This, in turn, will allow them to improve their operations and better serve their customers”, said Frigel CEO, Duccio Dorin. “At the same time, we are excited to further our relationship with Matsui, given their strong presence in India and their reputation as a leader of auxiliary equipment that complements Frigel’s process-cooling technologies”.
The Italian company Frigel is an internationally recognized process-cooling leader with almost 60 years of proven innovations, having pioneered the concept of Intelligent Process Cooling. MTIL is a manufacturer of high quality auxiliary equipment, such as dryers, dehumidifiers, blenders, granulators, and centralized conveying systems. It has served the India marketplace since 2006.
According to Hironobu Matsui, president and CEO of Matsui Manufacturing, the JV provides MTIL with increased opportunities to offer complete solutions of material handling and cooling to processors throughout India.
“Motherson has a stellar record of joint ventures and long term relationships with our partners. We have always endeavoured to bring the best of global technologies to our customers in India and globally. We are excited about our latest partnership with Frigel and look forward to working together to help customers take their operations to the next level of excellence, while in the process save natural resources and help the environment”, said Vivek Chaand Sehgal, chairman of Samvardhana Motherson Group.
The 50-50 partnership calls for Frigel to manufacture its line of Ecodry 3DK line of fluid coolers and Microgel RCS water-cooled chillers/TCUs in India. Operations will take place at a facility in Noida, Uttar Pradesh, India. The new company will also supply other Frigel advanced and eco-friendly technologies to the Indian marketplace, including Heavygel centralized high capacity and high efficiency water chillers units and the Syncronized cooling system for beverage production.
Fonte: MacPlas (www.macplas.it)