PRESS RELEASE November 16, 2011
VARGUS Establishes New Subsidiary in India VARGUS expands presence in India, reinforces existing network of channel partners
VARGUS Ltd., a world-leading manufacturer of high-quality cutting, grooving and hand-deburring tools for the metals and plastics industries, today announced that it has expanded its presence in India with a new VARGUS subsidiary.
"We are pleased to announce the establishment of our newest subsidiary, VARGUS India," said Harry Ehrenberg, President, VARGUS Ltd. "While we have been active in the Indian market for over 15 years, we recently decided to upgrade our presence in India by establishing our own subsidiary so that we can offer greater support and service to our end-users and channel partners."
VARGUS currently serves Indian customers through its professional and reliable network of channel partners that reaches all regions of the country. Located in Pune in the state of Maharashtra, VARGUS India will provide its world renowned solutions for customers in the oil and gas, valves and fittings, automotive, defense and general engineering industries. VARGUS India will be led by Vishal Chawla, the newly appointed National Business Development Manager together with Prasad Phadnis, National Sales Manager.
"While the Indian market has experienced dramatic growth in recent years, we have also noticed that Indian customers have become increasingly demanding and quality conscious, demonstrating an ever greater focus on service and solutions as opposed to product. Therefore our efforts in India will be concentrated on adding more technical support and service than ever before in order to be customer ready 24/7," commented Ehrenberg.
At the forefront of the tooling industry for over 50 years, VARGUS Ltd. is a member of the NEUMO Ehrenberg Group headquartered in Knittlingen, Germany, comprising 26 companies operating in more than 30 countries. Today VARGUS' flagship VARDEX line is universally recognized as the market leader in thread turning and thread milling applications. Vargus also recently launched GROOVEX, an innovative line of grooving tools for groove turning, groove milling and micro machining applications for industrial use. The SHAVIV line of leading hand-deburring tools rounds out the company's offerings with professional solutions for finishing metal and plastic components.
Issued on behalf of VARGUS Ltd .
For more information, please contact:
David Wolfe, Vice President Sales & Marketing, Vargus Ltd., [email protected] Annie Reuveni, Marcom Manager, Vargus Ltd., [email protected]
1 Hayotsrim Street T: +972 (0)4 985 5101 [email protected] VARGUS Ltd. Nahariya 22311, Israel F: +972 (0)4 985 5118 www.vargus.com