Kirloskar Electric Company’s - step down subsidiary - Lloyd Dynamowerke GmbH & Co KG (LDW) situated in Bremen, Germany has filed insolvency petition before the court in Bremen. The Managing Directors of the LDW took this decision and filed the petition on September 09, 2014. The company is reviewing this in detail and preparing to contest it.
Kirloskar Electric Company is the manufacture, sales and services of diverse range of electrical and electronic equipment such as AC Induction Motors, AC Generators, DG Sets, DC Machines & Traction Equipment, Transformers, Switchgears, Control Equipments and Systems etc., The projects and system division of the Company has specialized in executing system packages for large industries like steel, fertilizers, cement, sugar and other core sectors.
