Suspa's state-of-art powder coating line

By Our Corporate Reporter

CHENNAI, MARCH 5. Suspa Pneumatics India, the Indian joint venture of Suspa Holding, Germany, engaged in turning out pneumatic lifts (gas cylinders) for the automotive industry and a pioneer in the manufacture of height adjusters for executive chairs and furniture applications, has installed a state-of-the- art powder coating line in its plant in Chennai.

Mr. Jens Banaschek, Chairman, Suspa Holding, who was here to inaugurate the facility, said the German firm was commanding 15 to 20 percent share of the world market in gas lifters which found application in hatch-back and bonnet lifts in the automotive industry. He said Suspa was also a dominant player in the world market for friction dampers for washing machines, with a share of around 50 per cent.

He said the Indian joint venture was basically to cater to West Asia and the Far East for the German company and also to build up the Indian market in the years to come.

Mr. Ranjit Pratap, Chairman and partner in the Indian joint venture with 30 per cent stake in the equity capital, said the company was a single source of supply of pneumatic lifts to Hyundai Motor and Daewoo Motors while it was a second source of supply to Maruti Udyog and Tata Engineering and Locomotive, catering to all its hatch-back vehicles. A letter of indent had also been received from Ind Auto and the Indian company was on the threshold of being one of the leading automotive component suppliers in the country, he said.

The powder coating facility was funded by DEG - German Investment and Development Company, a developmental oriented financial institution under its public private partnership (PPP) programme. Mr. Hans-Georg Hansmann, Director (DEG-Office India) said the manufacturing process developed abroad had been successfully commercialised in India even before it was to be adopted by the parent company in Germany.

Suspa Holding has also signed an agreement for a joint venture with the Chennai based Shriram group to establish facilities for mass production of piston rods and components to cater to the needs of automobile, electrical engineering and related industries. The cost of the project was Rs. 3.60 crores with 50 per cent being equity component. While the German firm will hold 62 per cent of the equity and Shriram group 33 per cent, Mr. Ranjit Pratap will take up the balance 5 per cent.

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