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KYB Conmat Tested Indian Prototype Of TM

KYB-Conmat successfully tested the first Indian Prototype Transit Mixer, completely made in Vadodara’s newly commissioned state of the art manufacturing facility. The new facility is equipped with highly mechanized and automated assembly line production system, designed in Japan using KYB’s long experience of over 60 years in TM production.

It is noteworthy that KYB’s Kumagaya factory is able to manufacture over 30 TMs per day with only a handful of workers, and the same manufacturing systems are being replicated in Vadodara facility with sizeable financial investment and huge technological efforts from large number of Japanese engineers stationed in India.

The new facility was inaugurated by KYB Global President Mr Masao Usui, who was on a short visit to India for this purpose.

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KYB Global President visit KYB-Conmat

KYB Global President Mr Masao Usui visited KYB-Conmat on 27thAugust to inaugurate the new state of the art manufacturing facility for Transit Mixer Production. He also visited many places of interest in Vadodara like Laxmi Vilas Palace, MS University, Kirti Mandir, and was very much impressed by the picturesque monuments.

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Japan’s KYB Acquires 50% Stake in CONMAT Systems

Japan’s KYB acquires 50% stake in Conmat Systems

TNN Feb 21, 2013, 04.41AM IST


VADODARA: Japan’s KYB Corporation, world’s largest shock absorber manufacturer, has acquired 50 per cent stake in city-based Conmat Systems Private Limited.

The equity partnership between 94-year-old Japanese multinational KYB, having annual turnover of over Rs 20,000 crore, and Conmat Systems Private Limited has resulted in a new joint venture (JV) – KYB Conmat Private Limited. It is KYB’s first investment in the country

“The JV with KYB, which is the largest truck mixer producer in Japan, having 85 per cent market share, will help us become a major player in the global construction equipment market,” Managing Director of Conmat Mr Premraj said while addressing media persons here on Tuesday.

Conmat had ventured into construction equipment manufacturing business by commencing commercial operations from its Por facility near Vadodara in 2009.

Conmat, presently, employees 350 persons with nearly 120 engineers forming its staff strength.

“The new facility will manufacture transit mixers for Global Market. It will have capacity to manufacture 1,400 transit mixers per year,” he said, adding that the JV will be used as a global sourcing hub for construction equipment with Middle East, Africa, Australia and European markets targeted for exports.

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CONMAT Announces Two Global Partnership

CONMAT ANNOUNCES TWO GLOBAL PARTNERSHIP AT BC INDIA

World’s largest Shock Absorber manufacturer KYB Corporation of Japan has acquired 50% stake in Vadodara, Gujarat based Conmat Systems P. Ltd.

KYB is a 94 year old company, founded on 19th November 1919. KYB is listed on the Tokyo Stock Exchange, First Section. It has 34 manufacturing plants, 26 sales locations and over 12,000 employees worldwide, having annual turnover of more than 20,000 Crore INR.

KYB is also the largest Transit Mixer Producer in Japan, having 85 % market share, and has entered into this strategic partnership with Conmat to become a major player in the Global Construction Equipment market. This will also accelerate Conmat’ s growth in term of market position, brand building and product portfolio, well supported by Japanese Technology, quality and production systems. The new Joint Venture will be used as a global sourcing hub for construction equipment.

This is KYB’s first investment in India and they decided on Conmat after studying all the major construction equipment manufacturers in India. They have been utmost careful and have conducted extensive research of Indian Subcontinent and detailed due diligence, which speaks very highly of Conmat’s Promoters’, Business Model and Value Proposition. They decided to partner Conmat for –

  • The ethics, principles and values of Conmat and its promoters’
  • Conmat’ s positive brand image in the country
  • Conmat’ s balanced approach to business and CSR
  • Conmat’ s research, design and technology standards
  • Conmat’ s state of art manufacturing facility

In addition, Conmat has also announced the partnership with Arrow, the Leading Australian Curb Mach

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KYB and Conmat Signs MOU at Vibrant Gujarat

KYB and Conmat signed MOU with Govt. of Gujarat to set up a state of the Art Manufacturing Plant near its Vadodara facility. the MOU was signed in the presence of the honourable Chief Minister of Gujarat Shri Narendra Modi, and the honourable Ambassador of Japan to India Mr Takeshi Yagi. The new facility will be used as a global manufacturing hub for Construction Equipment.