SCHWING STETTER INKS PACT WITH M-TEC MATHIS, GERMANY

Schwing Stetter India to market the entire range of Mtec Products and Services in South Asia

New Delhi... Schwing Stetter India Private Limited, a
100% subsidiary of the German based DM 1 billion Schwing Group of Companies, announced a strategic marketing & manufacturing tie-up with M-tec Mathis Technik Gmbh, part of the 70 million Euro Maxit Group, Germany, today. With this deal Schwing Stetter India will make available the entire M-Tec expertise, which includes marketing and manufacturing of M-Tecs range of products, after sales support and identifying turnkey projects for M-Tec in South Asia.

This tie-up also makes Schwing Stetter India the exclusive dealer of M-Tecs Dry Motor Technology & Equipment in the region. This includes products such as dry motor plants, plastering machines, machines for pumping cement motor and the complete know-how on the dry mortar industry, in South Asia.

Speaking to the media on the occasion, Mr. Anand Sundaresan, Managing Director, Schwing Stetter India, said, Schwing Stetter has always believed in bringing state of the art technology to our customers. With this tie-up, M-Tec has empowered us to build a new market and provide our clients with an extensive range of products." He further added Through our pact with M-Tec, we will be able to provide latest dry motor equipment and technology to all our clients in India and other parts of South Asia."

Dr. Michael Monz, Business Manager -- India, M-tec Mathis Technik Gmbh, said, M-Tec has been planning to enter South Asia markets and was examining the various options through which we could do so. We are glad to have inked this pact with Schwing Stetter India to provide the entire M-Tec package, to meet the various requirements in South Asia."

Regarding the reasons for choosing Schwing Stetter India in the South Asian region, Dr. Monz further added We found Schwing Stetter India as a company with strengths in sales, after sales support and good understanding of the construction industry."

M-tec Mathis Technik Gmbh is a specialist in Dry Motor Technology & Equipment. It delivers machines, plants and complete know-how for the dry mortar industry. The process begins with recipe development and continues with the erection of entire dry mortar production plants including training the clients personnel. M-tec has subsidiaries in Italy, Spain, Czech Republic, Poland, USA and has representatives world wide.

ABOUT M-TEC MATHIS TECHNIK GMBH:

M-tec Mathis Technik Gmbh, founded in 1978, is a part of the German based Maxit Group, world--wide leaders in the equipments in the Dry Mortar Industry. The head office being in Neuenburg, South West Germany. Among the various products produced by them, some are masonry mortar, external and internal render, conventional floor screed, dry cement, insulating systems, as well as many other high quality dry mortar products. The annual production output is approx. three million tons of dry mortar.

M-tecs activities are divided into two main areas - Plant Construction & Logistics Department.

Machine technology is constantly improved in co-operation with Maxit. Inputs that come from practical experience are used to develop efficient, easy to operate systems. Besides delivering the hardware, M-tec supports its customers in deciding the most effective way of marketing the product and finding the right strategy to achieve a high return on investment.

M-tec Mathis Technik Gmbh:
Otto-Hahn-Straße 6
79395 Neuenburg
Germany
Phone ++49 7631 709-0
Fax     ++49 7631 709-120
E-Mail info@m-tec-gmbh.de
Web: www.m-tec-gmbh.de

ABOUT SCHWING STETTER

Schwing Stetter India (SSI) is a part of the DM 1 billion-turnover Schwing Stetter, GmbH, the German ready mix concrete (RMC) machinery manufacturer. Schwing Stetter (India) started operations in 1998 in Chennai. They started their production with the cement mixing plants and cement laying pumps, used in the construction industry.

SSI has rolled out 700 truck mixers, over 200 concrete pumps and 50 RMC batching plants. The company, which used to import the huge mixer drums from Germany, is now importing only the high-grade steel plates and the product is completed in Chennai. Meanwhile with demand for its machinery growing at a fast pace, Schwing Stetter in order to keep up with the demand has set up a greenfield project at an outlay of Rs.18 crore at Irungattukottai, near Chennai.

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For further details, please contact:
Rahul Mehta                     Good Relations (India) Ltd.                 
Email:rahul.mehta@griflagship.com                 Ph: 91-11-3715727         
Fax: 91-11-37115725