STEER (India), a globally acknowledged force in polymer processing machinery has made a significant acquisition to strengthen its position as a leading extruder designer and manufacturer with the acquisition of China-based Company Zheng Feng, a single screw pipeline manufacturer. This acquisition will provide STEER with enhanced manufacturing and assembling capacities to speed up time-to-market single screw, twin screw, and R & D extruders. STEER's foray into China, one of the biggest contenders in the manufacturing space today, marks a turning point in the company's growth. STEER's footprint in China opens the door to a wider global reach, as well as an opportunity to be a strong player in the Chinese market.
Dr. Babu Padmanabhan, Managing Director, STEER said, "Being one of the largest producers of consumer durables, there is presently an immense demand for high-quality engineered plastics in China. STEER intends to address this requirement with its technology-driven application based single screw, twin screw extruders, elements and peripherals. Over the next few years, STEER will make a powerful impact in the Chinese market by providing superior extruders for plastics extrusion, polymer compounding and color-batch manufacturers."
STEER's development extruder OMICRON and its Yellow Jacket Line offerings will play a pivotal role in triggering new application-based development. Dr. Babu said, "The need of the hour is to find new and innovative ways to develop more efficient materials. STEER is at the forefront of this movement bringing together its expertise in materials, technology, metallurgy, kinematics and mathematics, in an integrated fashion, to create efficient application-based solutions. STEER's development products are positioned to facilitate researchers in solving complex challenges in area of difficult-to-process materials for the polymer, pharmaceutical and food processing industries."
"The powerful combination of technology assets and a large manufacturing capability in China, will give Steer an unprecedented advantage to address clients' needs in a unified, cost-effective way," concluded Dr. Babu.