Hüttenes-Albertus Chemische Werke GmbH (HA) announced it has increased its stake in its longstanding Indian joint venture Gargi Hüttenes-Albertus Private Limited (Gargi HA) from 40% to 74%. HA´s co-shareholder in Gargi HA, the Kapur family, will remain a strong minority shareholder with 26%. The Kapur family will continue to be active in the management of Gargi HA.
Gargi HA has been a joint venture between the Kapur family and HA since 1988. The partnership of Gargi HA and HA has set itself the goal of being the most reliable and inventive partner to all foundries in the Indian Subcontinent with all products and services that are required for advanced and efficient casting processes.
Gargi HA serves the Indian foundry industry with tailor made resins and coatings. The state-of-the art manufacturing plants are located at Nerul and Khopoli in Western India. The highly skilled technical team of the company continues to improve products and services in order to meet increasing quality requirements of their customers.
With the increase in share the General Management of HA Group implements an important strategic step since India is the world´s second biggest foundry market with more than 50% growth in the past ten years.
“Our strategy is to strengthen our presence in India in order to further expand our group's market share in the region”, says Dr. Carsten Kuhlgatz.
Christoph Koch comments: “We strongly expect further growth for our company, especially by fully integrating Gargi HA into the HA Group, which is known globally for its state-of-the-art technology.”
The combination of Gargi HA’s excellent network and knowledge of the local market on the one side and the backing by leading technologies of the global player HA on the other side, makes the company the most competent partner of foundries in India. Supported by the HA Group’s modern R&D centers and the recently built HA Center of Competence the company is ready for the future - with advanced foundry chemical products and services for every stage of the casting process.
“We have always highly respected our partners of HA in Germany for their values, their technological competency and their vision to help foundries all over the world to be successful and competitive”, says Vinod Kapur, Executive Chairman of Gargi HA. Vinod Kapur as well as Managing Director Vicky Kapur are now to handing over the leadership of Gargi HA to the new generation: Both Gaurav Kapur as well as Varun Kapur are assuming broader management responsibilities, whereas Vinod und Vicky Kapur will further provide their experience and advice in the Gargi HA Board.
Gaurav Kapur is looking forward to the strengthened partnership with HA and to assuming new responsibilities:
“The friendship and togetherness with our partners of HA has been determining my whole life”, he says. “Although we have different cultures, we share same values and objectives and a sincere mutual trust. I am proud to be part of the HA family and I am eager to do my best to successfully shape our common future.”
Contact HA Group:
Martin Hörstmann | <link mail internal link in current>email@example.com | Phone: ++49 (0)211 5087-407
Contact Gargi HA:
Vinod Kapur | <link mail internal link in current>firstname.lastname@example.org | Phone: ++91 22 25201596