thyssenkrupp inks pact with Gainwell to strengthen its presence in Indian aggregates market

12 Jul 2019 Editorial Team

thyssenkrupp Industries India has entered into an exclusive distribution agreement with Gainwell, a leading distributor for construction, mining and power solutions having a strong presence in the North, East and Northeast region of India. The exclusive partnership with Gainwell will empower thyssenkrupp to strengthen its presence and to deliver its full range of crushing equipment and plants along with comprehensive services to customers in these regions.

thyssenkrupp is expecting to capture a significant market share through this distribution agreement. As a part of this agreement, Gainwell will be responsible for sales and product support (parts and service) for all aggregate crushing equipment and plants manufactured by thyssenkrupp Industries India.

Said Vivek Bhatia, Managing Director and CEO of thyssenkrupp Industries India: "We see enormous infrastructure growth potential in the East, North and Northeast region of India. In order to strengthen the offerings for our customers in these regions we see Gainwell as a very strong partner to support us. The collaboration aims at offering high-quality solutions backed by strong after-sales service for our machineries and spare parts."

"We are glad to be associated with a company like thyssenkrupp which has proven global expertise in machine manufacturing for more than 200 years. We are confident that our services coupled with thyssenkrupp engineering and manufacturing expertise will offer need-based solutions to the aggregate industry", said Sunil Chaturvedi, Chairman and Managing Director at Gainwell Commosales.

Technology

14 May 2025

HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport

The Union Cabinet has approved the establishment of a new semiconductor unit near Jewar airport in Uttar Pradesh under the India Semiconductor Mission. This sixth plant, a joint venture between HCL and Foxconn, marks further progress in India鈥檚 semiconductor journey. The project will see an investment of Rs 37 billion.The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other digital devices. It is designed for a monthly capacity of 20,000 wafers and an output of 36 million units.Five semiconductor units are already in advanced stages of constructi..

Real Estate

14 May 2025

Brigade acquires Velachery land for Rs 16-billion project

Brigade Enterprises has acquired a 5.41-acre land parcel on Velachery Road, Chennai, through an outright purchase for Rs 4.417 billion. Located next to Phoenix Market City, the site will be developed into a premium residential project with a gross development value of approximately Rs 16 billion and a development potential of 0.8 million square feet.The project offers strategic access to both the OMR IT Corridor and Chennai鈥檚 Central Business District, promising strong connectivity and premium lifestyle offerings. Brigade plans to create signature residences focused on aesthetics, functional..

Equipment

14 May 2025

Liebherr marks 10,000th XPower wheel loader milestone

Liebherr-Werk Bischofshofen has rolled out its 10,000th XPower wheel loader, marking a major production milestone. The anniversary L 580 XPower model, featuring a power-split travel drive developed with ZF Friedrichshafen AG, was handed over to the BERGER Group in Passau.鈥淭he transmission from our partner ZF is a key component of the drivetrain in our XPower wheel loaders,鈥� said Gerhard Pirnbacher, Head of Quality Management at Liebherr. 鈥淲ith an impressive total of around 64 million operating hours already clocked up by XPower models, this transmission has proven its exceptional robustn..