Yorkshire manufacturer announces plans to expand Indian operations
A South Yorkshire manufacturer has today announced that it is expanding its operations in India.
Macalloy, based in Dinnington, produces tensioning bars, tie rods and cable systems, and has joined the India Growth Champion Scheme run by Sheffield City Region with UKIBC.
The company, which is celebrating its 100th anniversary this year, is aiming to increase its connections with India and secure new opportunities with infrastructure partners.
Macalloy currently has an Indian distributor based in Chennai. Through the India Growth Champion Scheme Macalloy also plans to appoint a new Indian agent and to potentially create a full time sales agent position to further expand its market.
Peter Hoy, managing director at Macalloy, commented: “India is a key market for us and one where we see huge growth potential because of the major infrastructure projects planned here in the next few years.
“The India Growth Champion Scheme should help us to open more doors and to get in front of the right people to secure a greater number of product specifications for the Macalloy Bar.
“We manufacture everything we sell at our factory in Dinnington and currently around 85 per cent of our product is exported.
“We are really excited about the possibilities to extend our market further in India and to maximise on the major bridge building projects there.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.
Culture is the foundation for sustainable growth
Business must help young people take root in work
Purposeful procurement for long-term growth
Time to rethink outdated views on apprenticeships
The scale-ups rocketing through our fast world
Care about the experience, not just the outcome
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis
How to build credibility in B2B marketing
Is your business ready for the trade union change?
Government 'must take its foot off businesses' throats'