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TRF Ltd inks pact with German firm

The Economic Times:  February 27, 2012

Kolkata: TRF Limited, part of the Tata Group, has entered into an exclusive agreement with Schade Lagertechnik GmbH to manufacture and market the latter's yard equipment in India. This agreement aims to meet the need for higher capacity stackers, portal scraper reclaimers, circular storage systems as well as wagon tipplers to meet TRF's ambitious growth plans in infrastructure industries like, steel, power ports, cement and mining.

As part of the agreement, Schade of Germany will provide TRF, a leader in material handling equipment and processing systems, the necessary know-how, assistance and key components for making higher capacity yard equipment. The agreement allows TRF to sell Schade's equipment in India.

The dual advantage of producing the high capacity bulk material handling equipment at a comparatively lower cost in India, at TRF's Jamshedpur plant, and the application of technical expertise from Schade will give domestic infrastructure sector access to world-class German technology at competitive prices.

Commenting on the agreement, Sudhir Deoras, managing director, TRF Ltd said: "We have worked with Schade in the past and together we would be able to meet customer needs." Incidentally, TRF and Schade have ealier worked together to supply and instal Asia's first and biggest radial stacker reclaimer at NSPCL's thermal power plant at Bhilai.

Speaking on the ocassion, Karl-Heinz Fiegenbaum, managing director, Schade said: "We have been looking out to join hands for the Indian market with a well established equipment manufacturer serving the local bulk materials handling sector." This tie up will also meet the needs of our joint future clients in India."

Schade, Germany has nearly 130 years of experience in bulk material handling equipment and has supplied more than 600 machines worldwide. It enjoys the benefit of a global network combined with large product range and high expertise. The alliance will thus create opportunities for the cross-fertilisation of technical capabilities and pave the way for transfer of knowledge, especially best practices and expertise within the two companies.

TRF has extensive experience in the design, supply and installation of bulk material handling equipment including the design, manufacture and erection of stackers, reclaimers and wagon tipplers. TRF also undertakes turnkey projects for infrastructure development industries such as power and steel plants, port, cement, chemical and mining.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.