C.R.I. Pumps, a pioneer in fluid management solutions has invested ₹35 crores (5 Million USD) to set up facilities in USA and Mexico, in aiming to spread its wings globally.
C.R.I. Pumps, a pioneer in fluid management solutions has invested ₹35 crores (5 Million USD) to set up facilities in USA and Mexico, in aiming to spread its wings globally.
C.R.I. offers Pumps, Motors, Valves, IoT Drives & Controls, Pipes, Wires & Cables, and Solar Pumping Systems. C.R.I. Fluid Systems products cater to diverse segments such as Chemical & Process, Power, Water & Waste Water, Oil & Gas, Pharma, Sugar & Distilleries, Paper & Pulp, Marine & Defence, Metal & Mining, Food & Beverage, Petrochemical & Refineries, Solar, Building, HVAC, Fire Fighting, Agriculture & Residential.
Speaking on this development, G Soundararajan, the Group’s Vice Chairman said, "The company has been preparing for more than a decade, developing products for these markets, namely USA, Canada, Mexico, Central America and the Caribbean countries. They have invested around 5 Million USD in setting up wholly-owned subsidiaries in USA and Mexico.The USA facility will commence assembly of certain products in addition to supplying ground water pumping systems, waste water pumps, pressure boosting and industrial pumps."
He added, “We have been catering to the USA and Mexico markets for over a decade, supplying through distributors. By setting up these facilities, we will enhance our technical and application support, reducing delivery lead times and will be able to cater new value-added segments to grow in these markets.The products launched in these markets include specialised pumps for mining applications, chemical process pumps,industrial pumps with IoT (Internet of Things) enabled health monitoring systems and encapsulated submersible motors fitted with lightning arrestor which were developed by C.R.I.’s R&D Wing for the first time in India.The annual turnover expected from these markets in the next three years is 10 million USD.
C.R.I. has made substantial investments in researching the USA and Canada markets and gaining international certifications that meet USA sanitation, food safety and safety standards such as NSF*& CSA**. C.R.I. is the first company in the world to get a NSF certificate for its water filled rewindable submersible motors.
C.R.I. products are sold in over 120 countries. The C.R.I. Group currently has facilities (wholly-owned subsidiaries) in Spain, Italy, Brazil, Turkey, China, South Africa and the UAE. The group has achieved Rs.2100 Crores in the FY 2018-19. The company is now aiming to cross 5,000 crore turnover by FY 2022-23 and the export business is expected to exceed domestic growth.
On the domestic front, C.R.I. has thus far installed over 13 lakh energy-efficient star-rated pumps through various Government projects and its channel partners and saved over 12,000 million units of power for the nation.
Recently, C.R.I.’s R&D wing has developed and launched IoT enabled encapsulated PM Motors (Permanent Magnetic motors) which is used in solar pumping applications. C.R.I. also supplies specialized pumps to the Navy and is developing advanced technology pumps for the Defence sector.
C.R.I. offers Pumps, Motors, Valves, IoT Drives & Controls, Pipes, Wires & Cables, and Solar Pumping Systems. C.R.I. Fluid Systems products cater to diverse segments such as Chemical & Process, Power, Water & Waste Water, Oil & Gas, Pharma, Sugar & Distilleries, Paper & Pulp, Marine & Defence, Metal & Mining, Food & Beverage, Petrochemical & Refineries, Solar, Building, HVAC, Fire Fighting, Agriculture & Residential.
Speaking on this development, G Soundararajan, the Group’s Vice Chairman said, "The company has been preparing for more than a decade, developing products for these markets, namely USA, Canada, Mexico, Central America and the Caribbean countries. They have invested around 5 Million USD in setting up wholly-owned subsidiaries in USA and Mexico.The USA facility will commence assembly of certain products in addition to supplying ground water pumping systems, waste water pumps, pressure boosting and industrial pumps."
He added, “We have been catering to the USA and Mexico markets for over a decade, supplying through distributors. By setting up these facilities, we will enhance our technical and application support, reducing delivery lead times and will be able to cater new value-added segments to grow in these markets.The products launched in these markets include specialised pumps for mining applications, chemical process pumps,industrial pumps with IoT (Internet of Things) enabled health monitoring systems and encapsulated submersible motors fitted with lightning arrestor which were developed by C.R.I.’s R&D Wing for the first time in India.The annual turnover expected from these markets in the next three years is 10 million USD.
C.R.I. has made substantial investments in researching the USA and Canada markets and gaining international certifications that meet USA sanitation, food safety and safety standards such as NSF*& CSA**. C.R.I. is the first company in the world to get a NSF certificate for its water filled rewindable submersible motors.
C.R.I. products are sold in over 120 countries. The C.R.I. Group currently has facilities (wholly-owned subsidiaries) in Spain, Italy, Brazil, Turkey, China, South Africa and the UAE. The group has achieved Rs.2100 Crores in the FY 2018-19. The company is now aiming to cross 5,000 crore turnover by FY 2022-23 and the export business is expected to exceed domestic growth.
On the domestic front, C.R.I. has thus far installed over 13 lakh energy-efficient star-rated pumps through various Government projects and its channel partners and saved over 12,000 million units of power for the nation.
Recently, C.R.I.’s R&D wing has developed and launched IoT enabled encapsulated PM Motors (Permanent Magnetic motors) which is used in solar pumping applications. C.R.I. also supplies specialized pumps to the Navy and is developing advanced technology pumps for the Defence sector.