Sanmar Engineering Turns 35

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<h1>Sanmar Engineering Turns 35</h1><strong> Author: <a href='http://www.articleseen.com/profile_Balaji.aspx'>Balaji</a></strong><br /><p>Sanmar Engineering, part of The Sanmar Group, is a diversified manufacturer of highly engineered Products serving the process industry, in India and abroad. This synergistic group offers a wide range of critical products that enhance industrial efficiency and safety in the chemical process, hydrocarbon and energy industries, and also Steel Castings that serve the global Construction, Mining, Valve, and Transit sectors. In 1976, with a small investment by Mr N Sankar, Chairman, The Sanmar Group, the first joint venture of Sanmar Engineering - Durametallic India was born. Starting as a single company manufacturing engineered mechanical seals, Sanmar Engineering has grown steadily to offer a whole range of market leading products and services targeting critical sectors. The substantial growth achieved by Sanmar Engineering over the three plus decades has been fully funded from internal accruals and no additional capital has been contributed from the Group. Today, Sanmar Engineering constitutes seven legal entities and twelve business units, involving five Indo-American joint ventures in all. Sales of Sanmar Engineering constituents, including those divested towards the end of the year, was Rs.1450 Crores in 2010 –11, with a growth CAGR of 21% in the last five years. The next five years look promising with similar projected growth of 21%. The planned capacity additions in thermal power, nuclear power and natural gas transmission networks in India apart from servicing the growing installed base in the hydrocarbon and petrochemical sector will provide the platform for the expected growth over the next five years. Apart from this, Sanmar Engineering will look to leverage its strengths to introduce other complementary products to its current customer base. Starting as a foundry to cater to the in-house and Joint Venture requirements, today the foundry business has turned global, with operations in the USA, Mexico and India. The global delivery model is unique and enables customers to source products from the same supplier but from different locations across the world. The key reasons for Sanmar Engineering’s success can be attributed to its unique business model, state-of-the-art technology, successful joint venture partnerships, common customer base and a strong business process management that spurs growth and profitability. </p><strong>About the Author:</strong><br />S Balaji is a Divisional manager at The Sanmar Group. He takes care of the Corporate Affairs at Sanmar. Visit <a rel="nofollow" href=” http://www.sanmargroup.com/Secmain.htm”>Sanmar Engineering</a> for more information. Visit Chemplast Sanmar in<a href = http://www.chemplastsanmar.co.in/pvc.php> Suspension PVC Manufacturers </a> <p> Article Source: <a href='http://www.articleseen.com/Article_Sanmar-Engineering-Turns-35_71488.aspx'> http://www.articleseen.com/Article_Sanmar Engineering Turns 35_71488.aspx</a></p>

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Keywords : Sanmar Engineering, Sanmar Group, Sankar N, Chairman, Engineering Industries, Joint Venture, Durametallic India, Indo-America,

Category : Business : Business