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The CERATIZIT Group presents its cutting tool competence brands for India

Groundwork laid for further growth in India

CERATIZIT S.A., Mamer (Luxembourg) and CERATIZIT India, Bangalore (India), 29 January 2019: The CERATIZIT Group presented its new cutting tool competence unified brand structure for the Indian market for the first time at IMTEX 2019. Over the next few years, under the umbrella of the CERATIZIT Group, the four competence brands Cutting Solutions by CERATIZIT, KOMET, WNT and KLENK will continue the rapid growth shown in recent years.

India is an up-and-coming key market for the CERATIZIT Group. In the future, as a result of the cutting tool division being reorganized, customers will benefit from the bundled know-how of the four competence brands and access one of the most complete product portfolios in the industry.

Customers benefit from an extended portfolio

"We took advantage of KOMET’s takeover, and completely restructured our cutting tool division with a view to the future, in order to serve our customers even better by providing comprehensive solutions for all fields of application in cutting," explains board member Thierry Wolter. The leading expertise of the four competence brands for the Indian market not only covers all machining applications, but also offers tailor-made solution packages for industries such as automotive, aerospace and heavy metal cutting, which were displayed at IMTEX.

Made in India

CERATIZIT attaches great importance to the local production of its cutting tools in India. With a production site in Kolkata and two plants in Bengaluru and more than 630 employees throughout India, the CERATIZIT Group is now able to produce the entire range of cutting tool solutions in India, from indexable inserts and tool holders to solid carbide and PCD tools. The product portfolio also includes turnkey project solutions, for which a dedicated team is available to assist customers with special tools and total machining solutions. Besides the tools, these solutions also include fixing and programming the machine. In addition to the company's own sales staff, a nationwide distribution network with over 160 channel partners ensures proximity to the customer.

Revenue has more than quintupled over the last 10 years

The sales forecast for the current year confirms that the chosen path is the right one. "For the current business year, we expect a sales growth of 20% compared to the previous year", explains Ashwani Sareen, Managing Director of CERATIZIT India. The Indian subsidiaries of the CERATIZIT Group are continuing the successful course of recent years. Turnover has increased more than fivefold over the last decade due to organic and strategic growth. CERATIZIT is already number four4 in the Indian market. "The goal, however, is quite clear: to continue to grow over the next few years," adds Sareen.

Continuous investments in Indian sites

The foundation for this growth has been laid during recent years. The new location in Kolkata was inaugurated in 2013 and a modern CVD coating plant was added last year. CERATIZIT also continues to invest in Bengaluru. Once the expansion at KOMET India has been completed, more than twice as much space (7,900 m2) will be available. This will also see addition of new machines and new employment opportunities as well.

CERATIZIT – Passion and pioneering spirit for carbides

For over 95 years, CERATIZIT has been a pioneer developing exceptional hard material products for cutting tools and wear protection. The privately owned company, based in Mamer, Luxembourg, develops and manufactures highly specialised carbide cutting tools, inserts and rods made of hard materials as well as wear parts. We are the market leader in several wear part application areas, and successfully develop new types of carbide, cermet and ceramic grades which are used for instance in the wood and stone working industry.

With over 9,000 employees at 34 production sites and a sales network of over 70 branch offices, the Group is a global player in the carbide industry. Our international network also includes the subsidiaries KOMET, WNT, and Becker Diamantwerkzeuge, as well as the joint venture CB-CERATIZIT. As a leader in materials technology, we continuously invest in research and development and hold over 1,000 patents. Our innovative carbide solutions are used in mechanical engineering and tool construction and many other industries including the automotive, aerospace, oil and medical sectors.

We are active on the market through the seven competence brands Hard Material Solutions by CERATIZIT, Toolmaker Solutions by CERATIZIT, Tool Solutions by CERATIZIT as well as Cutting Solutions by CERATIZIT, KOMET, WNT and KLENK.

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