Greaves Cotton, country’s largest small engine supplier to the three wheeler space has signed a pact with Samil of South Korea seeking technical know-how for products such as stationary concrete pumps and boom pumps as it is planning to expand its construction equipment products range.
The Rs 1,700-crore multi-product company currently manufactures compaction and concreting equipment at its facilities in Gummidipoondi, near Chennai. The range includes transit concrete mixers, concrete pumps, batching plants and vibratory soil compactors, heavy tandem rollers and light tandem rollers. These are mainly used in construction of roads, bridges and buildings.
The company aims construction equipment division's contribution to the company's turnover to go up 17% in the next three to four years from the current 12% with this deal and introduction of the new product range.
