Plansee completes acquisition of Wolfra-Tech
January 19, 2011
Plansee, headquartered in Reutte, Austria, has acquired the privately owned Indian company Wolfra-Tech. Employing around 180 people, Wolfra-Tech is involved in the development, production, marketing and selling of fine wires, flat products and evaporation coils made from tungsten or molybdenum. The company primarily supplies the lighting, electronics and automotive industries.
Bernhard Schretter, Executive Director of Plansee High Performance Materials (HPM) stated, “The Wolfra-Tech production site is our first one in India. There we will be able to finish semi-finished products manufactured by the Group at competitive conditions and this will lead to more benefits for our customers.”
Plansee High Performance Materials is a manufacturer of products made from refractory metals and metallic composite materials. The privately owned company has been manufacturing powder metallurgy processed high-performance materials for over 85 years, and covers the whole production process, from the raw material to the finished product.
“It is planned to further develop Wolfra-Tech as an important manufacturing base in the Plansee HPM Group” added Schretter.
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