Dormer open to acquisition in India

By admin February 17, 2015 11:54 am IST

“We are convinced to grow in emerging markets like India and China. To achieve this, we are open for a 100-per cent acquisition in India,” says Fabrizio Resmini, Group President, Dormer Pramet
 Dormer is one of the leading manufacturers of solid carbide and high-speed steel rotary cutting tools globally. In October last year, Dormer announced a merger with Czech Republic-headquartered cemented carbide specialist Pramet, both members of the Sandvik group.
Together, the united operation of Dormer Pramet offers a combined product programme that encompasses a comprehensive range of rotary and indexable drilling, milling, threading and turning tools for the general engineering sector.
Dormer Tools India Pvt. Ltd. operates as a subsidiary of Dormer Tools and offers products under three brands: Dormer, Pramet and Carboloy.
Currently, the company imports its Dormer branded products from its facilities in Brazil and Sweden whereas the Pramet products are being sourced from its Czech Republic plant.
Positive outlookDue to the large consumer base, Dormer considers India as a potential market for its products. Despite slowdown in global markets, the company has achieved a double-digit growth in India. Talking about the current trends in Indian market, Fabrizio Resmini, Group President, Dormer Pramet said, “Mature market like the US has shown significant growth in the second half of the last year. We think that this year will also be good. India is a growing market and in 2015 we expect a very positive growth here.”