New Delhi, Feb 20: Luxfer Gas Cylinders (LGC), the world's largest manufacturer of high-pressure aluminium and composite cylinders, and Uttam Air Products (UAP), a leading gas manufacturer in India, have signed a joint venture agreement to manufacture aluminium cylinders in India.
Managing Director for the new venture will be Karan Bhatia, Managing Director of Uttam and President of the All India Industrial Gas Manufacturers Association (AIIGMA), of which both Uttam and Luxfer are members and sponsors.
The new cylinder manufacturing facility will feature state-of-the-art technology, including a computerized quality-control system.
"The facility is being set up in the national capital region of Delhi, so it will be very well connected to the rest of the world," Bhatia said.
"Luxfer sees many business opportunities in India, one of the fastest-growing economies in the world," said Lonnie Smith, General Manager of the Luxfer Asia Pacific Region. "
Luxfer is already active in these and many other markets in North America, Europe and Asia Pacific.
Uttam and Luxfer have been business associates since 2004.