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The United Grinding Group has been present in the Southeast Asian region for many years through representatives and the WALTER EWAG Asia Pacific subsidiary. Now the specialist for grinding, eroding, laser, and measuring machines bundles and intensifies its activities in this region by founding a group subsidiary in Singapore, United Grinding Asia Pacific Pte Ltd.
"Southeast Asia is a strategically very crucial region for us. Establishing a United Grinding subsidiary is the logical step to intensify our activities in this region," explains Stephan Nell, CEO of the United Grinding Group. The potential is high, and the number of customers is continuously increasing. "Proximity to our customers has always been important to us to ensure fast and uncomplicated support," adds Nell. The ability to offer the group's bundled technology and application know-how from a single subsidiary offers customers many advantages.
Michael Schmid, CEO of the new United Grinding branch and already responsible for the Southeast Asian business of the WALTER and EWAG brands for more than 20 years, adds: "We can bundle the strength of our powerful team in the joint group subsidiary and serve our customers even better. In the future, we will offer all three group technologies, surface and profile grinding, cylindrical grinding, and tool machining, under one roof. I am convinced that bundling and intensifying our activities in this region is a win-win for all parties involved."
The person further said that Temasek has bid for an up to 30-35% stake in the company for $100-120 million.
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INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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