Emco Ltd has announced that the Company has entered into a MOU agreement for joint venture partnership with a South Africa based Company, Edison Power (Pty) Ltd for manufacturing transformers in South Africa and marketing the transformers in the African Region.
The joint venture is to be named EMCO-EDISON Transformers Africa (Pty) Ltd (EETA), EMCO has 51 per cent equity participation, with Edison holding the balance 49 per cent in the JV.
Mr. Rajesh Jain, Chairman, EMCO Ltd. said, In line with our growth strategy, we are aggressively planning to establish our overseas presence by setting up manufacturing and marketing units outside India and this JV is one of the steps towards achieving our Goal. We are aiming to achieve 30% of our turnover from Exports. Edison Group of Companies has ample resources and vast experience in handling all type of electrical installation Projects in Substation & Transmission sector. Partnership with Edison Corporation perfect synergetic alliance and both of us are poised to gain from Power sector boom in the region.
The joint venture is to be named EMCO-EDISON Transformers Africa (Pty) Ltd (EETA), EMCO has 51 per cent equity participation, with Edison holding the balance 49 per cent in the JV.
Mr. Rajesh Jain, Chairman, EMCO Ltd. said, In line with our growth strategy, we are aggressively planning to establish our overseas presence by setting up manufacturing and marketing units outside India and this JV is one of the steps towards achieving our Goal. We are aiming to achieve 30% of our turnover from Exports. Edison Group of Companies has ample resources and vast experience in handling all type of electrical installation Projects in Substation & Transmission sector. Partnership with Edison Corporation perfect synergetic alliance and both of us are poised to gain from Power sector boom in the region.
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