Simplex Castings Ltd., a
premier manufacturer of castings and engineering solutions has been selected as
the preferred manufacturing partner for TsNIIchermet (Russia).
Simplex Castings Limited
and ADJ Engineering have been selected by I.P Bardin TsNIIchermet (Russia) as
partners for their designed metallurgical equipment for Indian and Russian
Steel plants. Simplex Castings Limited will be responsible for manufacturing of
equipment designed and developed by TsNIIchermet. The initial order is worth Rs
20 million.
Commenting on the
development Ketan Shah, Chairman, said, “At Simplex we are delighted to get the
first order from Chermet under the cooperation agreement. This agreement will
open doors for Simplex to supply Chermet designed equipment to Indian and
Russian Steel plants. Chermet is a premier Russian Central Research Institute
for Iron and Steel Industry and the cooperation agreement between ADJ
Engineering, Chermet and Simplex is a significant step in charting the future
growth of our company. We are confident of delivering top notch quality
equipment and ensuring further breakthroughs with this partnership.”