Tit Bits on Indian Manufacturing MNCs

I am giving the gist of our ever increasing Indian MNCs, that is, Indian companies having manufacturing facilities across the globe and their acquisitions.

Bharat Forge

Bharat Forge acquired a German forging company in 2003 to become the second largest forging company in the world after Thyssen Krupp. Today, Bharat Forge has nine production facilities in six countries across Europe, North America and Asia.

Moser Baer

Moser Baer, the third largest producer of optical disc media in the world, started its sixth manufacturing facility in Germany in 2004. Today, company earns more than 80% of its revenues from exports.

Wockhardt

Way back in 1998, Wockhardt, a domestic phrama giant, took over UK based loss making Wallis Laboratories and coverted it into profit within an year.


Tata Tea

In 2000, Tata Tea acquired Tetley Tea, a British tea company. Tetley, which was twice as big as Tata Tea, returned to profits after it was taken over by Tata Tea.

Spentex Industries

In July 2006, Spentex Industries bought Tashkent Toypeta Tekstil, an Uzbek textile company. The deal will fetch an easy access to the vast cotton output of Uzbekistan.

Dr. Reddy's

Dr. Reddy's recently acquired 100% stake in Betapharm Arzneimittel, the fourth largest generic pharmaceutical company in Germany.

Ranbaxy

Recently, Ranbaxy acquired 96% stake in Terapia, the largest generic drug company in Romania.

Suzlon Wind Energy

In March, 2006, Suzlon Wind Energy acquired Hansen Transmissions International of Belgium.


The success stories continue with the latest being the TATA's offer to acquire Corus, an Anglo-Dutch company, to make TATA's 5th largest steel maker in the world.