NEW DELHI: Electrical products maker Havells has bagged $200 million export order from the West European countries to supply motors and compact
fluorescent lamps(CFLs) over a period of five years, said a top company executive.
The company plans to make India a global manufacturing and export hub and intends to export half of the total produce of CFLs, motors and switchgears to Europe in the near future.
We have received fresh export orders for motors and CFLs which will be met by our plant based in Neemrana, Rajasthan.
We may look at exporting products to the East European nations in future but will concentrate on the existing export markets as of now, said Havells India joint managing director Anil Gupta.
Havells India, which acquired international lighting products maker SLI Sylvania in 2007, has shut down the UK-based CFL plant and the entire production has been shifted to Neemrana.
The UK plant, located at Shipley, was acquired as part of Sylvania deal. The company has also consolidated existing Indian units which produced the energy efficient lighting products in Faridabad and Haridwar.
Post consolidation, the Neemrana plant will make 4 million units of CFLs per month two times what it does currently, besides 20,000 motors per month.
The consolidation is being done to create a single manufacturing hub and thereby build efficiencies by reducing high cost of production in foreign countries during the economic downturn, Mr Gupta added.
Besides restructuring the CFL plants, the company is also in the process of consolidating manufacturing operations for switchgears within the country.
The company is set to merge its switchgear plant based in Delhi with the one located at Baddi taking the latter s total capacity to 60 million units from 48 million currently.
Source : The Economic Times