Brass Pipe fittings to set up a pipe drawing unit

PRLog (Press Release) - Jun 29, 2008 -
Brass Pipe fittings which has been known for manufacturing of Brass  pipe fittings (      http://www.brass-pipe-fittings.com   ) turned parts anchors fasteners  http://brass-anchors.brass-pipe-fittings.com/ Hose couplings Brass pipe fittings http://brass-pipe-fittings.brass-pipe-fittings.com  hex nuts machine screws etc with exports to 29 countries and a turnover of 19 mn US$ has decided to step up its operations by adding a new Brass and Copper pipe with a capacity for 300 tons/month.This involves an outlay of 112  mn US$ and a workforce of 156 people. The project will be set up in Naghedi Jamnagar .



The machinery for this has already been imported from Italy and the finance has been worked out with SBS . Initial production will commence in about 4 months from now and the target market is Western Europe. Brass pipes are used for many uses worldwide by Brass Copper and Bronze foundries and for electro mechnaical applications. Non ferrous casting industry is growing at about 12% P/A thanks to demand in automotive and electrification.

Mr. Malin Sanghvi  the Exports director of the company is positive to break even in the very first year with envisaged profit for FY 2011 of US$4 Million. The company also has plans for IPO once the production comes on stream and company products like Brass fasteners anchors turned parts Bronze billets are well received in the European markets