Gainwell Engineering Enters into Underground Mining Equipment Technology License Agreement with Caterpillar
The agreement will enable Gainwell Engineering to manufacture underground equipment for medium and high joint chambers and pillars to support the growing coal production in India and other countries around the world. Coal remains the mainstay of energy security for India and emerging economies and this initiative will once again make reliable and superior room and pillar equipment available to global customers. As part of the agreement, Gainwell Engineering will also supply aftermarket spare parts and service support to the existing workforce of licensed Caterpillar Room & Pillar and Highwall Miner equipment.
Gainwell Engineering is a manufacturing business of Gainwell Commosales Private Limited (formerly Tractors India Private Limited)
Gainwell Engineering would set up its manufacturing headquarters in Kolkata, India with its factory set on 35 acres in Panagarh, West Bengal, India with an investment of Rs 500 crores which when fully developed will create an opportunity for employment for more than 250 people of highly qualified technicians.
Commenting on the acquisition, Mr. Sunil Kumar Chaturvedi, President and Managing Director of Gainwell Engineering said, “We are delighted to contribute to a strong industrial manufacturing base in India. In addition to our products, services and solutions and the people on the ground, we are committed to creating value for the customer while helping customers solve their toughest mining challenges. With the acquisition of the IP license of Caterpillar, our top priority at this time will be to ensure our customers have a seamless transition as we continue to provide the innovative product line and exceptional support they have come to expect from Caterpillar. We bring together the most experienced people of different nationalities who will help ensure our presence in an ever-growing industry.”
Commenting on the agreement, Ms. Denise Johnson, Group President, Resource Industries, Caterpillar, said: “We are pleased to transfer the Room and Pillar underground mid- and high-seam equipment, as well as the aftermarket licenses, to Gainwell Engineering. . Gainwell will invest in a state-of-the-art manufacturing facility in India and supply the products worldwide. Together, Caterpillar and Gainwell will work to ensure a smooth transition. »