Gullegem, Belgium - LVD Company nv, a leading manufacturer of sheet metalworking equipment for the world market, has announced the establishment of LVD Strippit India Pvt Ltd a dedicated sales subsidiary based in Bangalore, India.

The formation of LVD Strippit India Pvt Ltd follows the successful joint venture of Magal Engineering and LVD India in 2008 . LVD Strippit India Pvt Ltd capitalizes on the extensive market knowledge of each organization to maximize coverage and ensure strong localized sales and service support for a growing customer base.

Mr. Narasinga Rao serves as Managing Director of the new sales and service subsidiary overseeing a staff of 18 employees. Mr. Rao will lead LVD's strategic growth plans for the Indian market, which includes establishment of a 800 square metre Technology, Demonstration and Training Center in Bangalore and an increase in staffing levels to address the metalworking needs of fabricating shops in North, East, South and West India with satellite offices located in Delhi, Pune and Chennai.

"Our market presence in India through the work of Magal Engineering has been strong, but the creation of a dedicated LVD sales and service facility brings greater resources and a broader plan to more aggressively support increased business activity in a market where six percent growth rate is forecasted," said LVD Managing Director Carl Dewulf.

The LVD Group is a leading manufacturer of a comprehensive range of sheet metal/plate working machine tools and software solutions, including laser cutting systems, punch presses, press brakes, guillotine shears and mid-level automation systems, integrated and supported by its CADMAN? PC based Windows? compatible software.

(LVD-Strippit India Pvt Ltd, Bangalore. Tel: 080-2654 7337, Fax: 91-80-2664 4150 E-mail: saleslvd@magallvd.com)