Elgi Equipments continues to invest in Europe
The Hindu
Elgi Equipments is investing €20 million in Europe as it planned about four years ago, said Jairam Varadaraj, MD
Elgi Equipments is investing €20 million in Europe as it planned about four years ago, said Jairam Varadaraj, MD
He told reporters on Wednesday from Hannover Messe that the investments are going on as planned and the company was growing in Europe.
According to Chris Ringlstetter, president of Elgi Compressors Europe, since the company started its Europe operations, it has seen tenfold growth growth. It currently has 240 channel partners and is looking at strengthening the channel partners number.
Mr. Varadaraj said about 60% of Elgi’s revenue is from global business and 30%-40% of it is from Europe.
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