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Carnation Industries bag orders in Greece
Sunil Mukhopadhyay
Calcutta, Nov 3: Carnation Industries Ltd, a Calcutta-based cast iron (CI) and ductile iron (DI) castings manufacurer and exporter, has for the first time bagged huge orders from Greece for supply of CI and DI castings, according to managing director Ravi Sehgal."We are initially expecting to corner 20 per cent of the $5.5 million annual market of CI and DI castings in Greece," Sehgal told The Financial Express. The Mediterranean country is going through the process of improving infrastructure to the European level and expects to complete it by the year 2003-04. Through this contract Carnation expects to enter into the markets of former socialist countries of East Europe that have also embarked upon a rapid infrastructure development programme as part of their integration process with the European Union. Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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