Larox to Establish a Subsidiary in India
Larox will establish a subsidiary in India with the aim of increasing the company's market share in the growing Indian market. The new subsidiary will be responsible both for Larox's aftermarket services and filter sales development.
"We have been active in India already for over 20 years and have built a solid customer base with the help of our local representatives. Establishing our own subsidiary will help us develop our aftermarket services and deepen our customer relationships. We will offer local service, in local language and currency. Thanks to the local spare parts stock and permanent staff we will be able to service our customers better and faster, and we will be able to offer faster and better support also to our local representatives in new equipment sales", says Mr. Karppanen, President & CEO of Larox Corporation, "For the filter sales, we will continue to work in close cooperation with our local agents as they have the best, in-depth knowledge of the Indian market potential."
Larox's subsidiary in India will be located in Bangalore and it is expected to be fully operational during the 2nd quarter of 2010 at the latest.
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