Somal Refractories to become a global player
Ludhiana-based Somal Refractories and Zampell from Massachusetts are to expand the product market to include Europe and America through the market channel of Zampell and expand installation capabilities in the Asian Market including investment in India.
The cooperation agreement, signed on 22 August 2020, will also focus on expanding technological capabilities by collaborating with other partners with supporting technologies from Zampell’s global footprint.
“This agreement is an inflection point in the history of our company and will enable Somal Refractories to become a major global player in the future,” said Gursimar Somal, Managing Director of Somal Refractories.
“Customers are looking for full solution providers and combining Zampell’s installation capabilities and our manufacturing capabilities will give us a strong competitive advantage in the global market,” said Somal in a press release on 3 Sept 2020.
“I think Somal is the right cultural fit for Zampell in taking our next steps towards investing in India as a huge industrial market for the future,” added Brian Zampell, President and CEO of Zampell remarked,
Refractory is a critical material used for withstanding high temperatures and is majorly used in the Steel, Cement, Power, Petrochemical and Glass Industry.
Zampell has branch offices in Maine, Connecticut, Pennsylvania, Florida, Texas, Louisiana, Oregon, and California. Zampell also has a subsidiary, Zampell A/S with locations in Jutland and Sjælland in Denmark, and subsidiaries Zampell Ltd and Vulcan Refractories Ltd in the UK. #manufacturing #investment #market #technologies /fiinews.com
