Specifically, voestalpine Böhler Welding Group GmbH, which is part of the Metal Engineering Division of the voestalpine Group, is taking over the Indian manufacturer that specializes in welding electrodes. With an annual capacity of 20,000 tons of high-quality electrodes and flux cored wire, Maruti Weld Pvt. Ltd. is among the top 10 companies on the Indian welding technology market.
The welding technology specialist, who has state-of-the-art facilities, will provide voestalpine with an outstanding, regional production base. “In accordance with our long-term growth strategy, with this acquisition and its local production operations we are accelerating the penetration of the Indian growth market; our focus will be on the energy segment,” says Franz Kainersdorfer, Management Board member of voestalpine AG and head of the Metal Engineering Division. With this acquisition in India, the Group is once again extending its value chain down to the end customer. “It is absolutely necessary for us to have a local production presence in order to have a competitive product portfolio and to be able to develop as a one-stop provider on the welding consumables market,” Kainersdorfer states.