TORONTO -- 09/08/08 --
Samco Machinery supplies the roll forming machines
used by Tata Motors in India to build the chassis for the Nano. Known as
the "People's Car," the Nano is the cheapest car in the world. Samco
entered into a $3 million contract to supply a Tata subsidiary with
roll forming machines to make
the Nano.
The roll formers created by Samco take steel coils and bend them into
everything from car bumpers to metal roofing. Samco roll forming machines
build the Tata Nano's chassis and make six parts of the car's
undercarriage. The famous Tata Nano will be offered this October at a
sales price of around $2,500. This makes it the most affordable new car on
the globe today.
Joseph P. Repovs, Chairman and CEO of Samco Machinery, visited India two
years ago and met with Tata while he was there. Tata called Repovs last
year and asked Samco to bid on a contract for the cheapest car in the
world. Repovs states, "Since 1972, Samco Machinery had the vision to be
the world's leading roll forming systems manufacturer. There is 1.1 billion
people in India and 1.3 billion in China. That's where the wealth is going
to be created in the future. If you want to be part of that, you have to
get over there. Rather than wait for the world to come to us, we decided
we had to go out to the world."
Samco Machinery is realizing the benefits of globalization. A few years
ago, 90 percent of business was with US customers. Today only 30 percent
of Samco's business is with the US. Samco has machines in ten other
countries including Britain, South Africa, Italy, Costa Rica and Finland.
Samco also has plans to provide their roll forming design options to booming international
business locations such as Dubai and Russia.
Samco recently opened a facility in New Delhi to better serve the market in
India. Shelving, racking, steel stud and framing, purlins and automotive
industries are growing quickly in India. Samco roll forming machines
manufacture many products in India, including the specialized equipment
used by Tata Motors to produce the Nano.
For information about Samco Machinery visit www.Samco-Machinery.com or call
direct at 416-285-0619. For further inquiries, contact David Reid at
416-285-0619, extension 229, or DReid@samco-machinery.com.
For further inquiries, contact:
David Reid
416-285-0619, extension 229
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