MILAN, Mar 8 (Class Editori) — Fagioli, a historic Group among the world leaders in engineering and large-scale handling, sets its international gaze toward India. According to the anticipations given to MF Milano Finanza, the Emilia-Romagna-based company led by CEO Fabio Belli has formed the joint venture Megaload with Express Global Logistics, an integrated project logistics company that has been active in the markets for more than 75 years. This new company, 51% owned by Express Global Logistics and 49% by Fagioli, has its headquarters in Mumbai and will handle large handling and lifting projects in the civil, infrastructure (where massive development plans are planned for the next decade), petrochemical, and heavy industry sectors, relying on the experience and engineering-operational skills gained by the two partners.
India’s logistics market will reach 380 billion dollars
With the establishment of Megaload, Fagioli strengthens its position in India, in which the company has been present for over 20 years with its own personnel and resources that will now flow into the newly formed joint venture. Above all, this partnership is of particular importance in Fagioli’s expansion path in India, a rapidly growing country, especially considering the projects worth a total of 58 billion dollars planned for the next few years in the oil and gas sector alone. In addition, the logistics sector in the country is expected to grow from 200 billion dollars to 380 billion dollars by 2025. Overall, the Asia-Pacific region will increase its weight on the Group’s sales from the current 12 million euros to 24-30 million euros within three years.
Fagioli’s experience in India
Fagioli also has a number of significant successful works in India, including India’s record-breaking installation of boilers modules for power plants, the transport and lifting of the tallest refining columns in the oil plant in Jamnagar, and the engineering and construction of the modular deck construction system for the Indian headquarters of a major multinational electronic company. On the other hand, the Group is currently engaged in building a 22-kilometers-long viaduct at the height of 25 meters that will cross the port of Mumbai. By uniting the east and west areas of the Indian megacity, the work will promote traffic decongestion and it will be the longest over-the-sea bridge in India.
(Source:Class Editori)
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