Gullegem, Belgium – LVD Company nv, a leading manufacturer of sheet metalworking equipment for the world market, announces the establishment of LVD-Strippit India Pvt Ltd a dedicated sales and service subsidiary based in Bangalore, India.
The formation of LVD-Strippit India Pvt Ltd follows the successful joint venture of Magal Engineering and LVD India in 2008. LVD-Strippit India Pvt Ltd capitalizes on the extensive market knowledge of each organization to maximize coverage and ensure strong localized sales and service support for a growing customer base.
Mr. Narasinga Rao serves as Managing Director of the new sales and service subsidiary overseeing a staff of 18 employees. Mr. Rao will lead LVD’s strategic growth plans for the Indian market, which includes establishment of a 800 square metre Technology, Demonstration and Training Center in Bangalore and an increase in staffing levels to address the metalworking needs of fabricating shops in North, East, South and West India with satellite offices located in Delhi, Pune and Chennai.
“Our market presence in India through the work of Magal Engineering has been strong, but the creation of a dedicated LVD sales and service facility brings greater resources and a broader plan to more aggressively support increased business activity in a market where six percent growth rate is forecasted,” said LVD Managing Director Carl Dewulf.
“India is key to our long-term vision of a strong global brand,” said Dewulf. “Our focus now is to create a solid localized sales and service base.”