Peco Valves cater to oil and gas industry
Mumbai-based Peco Valves Pvt. Ltd manufactures a variety of
industrial valves such as gate valves, globe valves, swing check valves, ball
valves and conduit gate valves. These are made of cast steel, stainless steel
and alloy steel material. The company also manufactures various types of exotic
alloy steel valves and valve actuators. Peco is the brand name for the valves.
Today, the company caters to the oil and gas sector in a big way. Almost 90 per
cent of the production caters to this sector and to atomic power stations. "The
company was started in 1990, with the production of valves catering to marine
applications; in 2004, the company changed its strategy," said Deven Doshi,
Director - Marketing. In 2004, the company ventured into exports and shifted its
focus from the marine sector to the oil and gas sector.
The company exports 80 per cent of the products to Southeast Asia and the Gulf
markets. "As the oil and gas sector is booming in these markets, there is good
demand for our products," said Doshi. The company is equipped with the
prestigious API (American Petroleum Institute) License, giving it the added
advantage of exporting anywhere in the world. The company has orders from
refineries in Malaysia, Kuwait, Singapore and Saudi Arabia.
The company also plans to cater to the European market in a big way. For the
very purpose, it plans to acquire CE PED certification for its products by March
2009. Operating to its fullest capacity, the company doesn't have any expansion
plan due to a gloomy situation in the Indian market. Only by April 2009, after
checking the stability of the market, the company may opt for expansion,
The annual turnover is Rs 8 crore and by the end of this financial year, the
company plans to touch Rs 9 crore turnover. The manufacturing unit is located at
Vasai, near Mumbai, and has employed the just-in-time production system to
dramatically improve production efficiency, particularly for smaller and more
varied customer needs.
Capable enough to meet the valve requirements of any type and size, Peco Valves
ensures timely delivery of quality products and aims for increasing market share
by expanding customer base.
[November 10-16, 2008]