BWI: Wipro Infrastructure Engineering Forays into China

Press release from Business Wire India
Source: WIPRO
Monday, May 31, 2010 02:44 PM IST (09:14 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Construction, Information technology, Real estate; Technology
--------------------------------------------------
Wipro Infrastructure Engineering Forays into China
To Start Operations in Wujin Hi-tech Industrial Zone (WIZ) in Changzhou, China

Shanghai, China, Monday, May 31, 2010 -- (Business Wire India) -- Wipro Infrastructure Engineering, the global hydraulics business of Wipro Limited (NYSE:WIT) today announced that it is has signed an agreement with Wujin Hi-tech Industrial Zone (WIZ) in Changzhou, China to set up a large manufacturing facility for the manufacture of hydraulic cylinders.

Wipro Infrastructure Engineering is the world's largest independent manufacturer of hydraulic cylinders. The new manufacturing unit to be set up at Changzhou will be its ninth global manufacturing location and the first one in China.

Commenting on this occasion Mr. Anurag Behar, Chief Executive of Wipro Infrastructure Engineering said "We are very excited to be in China - the world's largest market for hydraulic cylinders and related products. We look forward to becoming preferred partners for the large equipment manufacturers here bringing to China our latest technology and highest quality offerings. The infrastructure facilities and support services offered at WIZ are absolutely outstanding and we would like this unit to develop and expand as a truly global manufacturing hub - not just for the Chinese market but also for customers in this entire region."

Mr. Shen Ruiqing, the member of the standing committee of Changzhou CPC and the secretary-general of Wujin CPC, said "As an advanced manufacturing base, our five 'pillar' industries are machinery, electronics and IT, renewable energy, advanced materials and bio-pharmaceuticals. Wipro's hydraulic cylinder project is in sync with the plan and direction of industrial development of Changzhou. At Changzhou we offer an edge in terms of qualified suppliers, industrial clusters and a broad domestic market. While Hyundai, Komatsu and Terex have invested in Changzhou, Yuchai Heavy Industries and Liugong Group have set up operations in Wujin Hi-tech Industrial Zone. Changzhou has become a destination of choice for engineering in China and we believe that Wipro (Changzhou) will have a bright future here."

The plant will manufacture high pressure precision hydraulic cylinders and tipping systems using state of the art machinery for operations like CNC machining, robotic welding, induction hardening etc. The plant will leverage the nearby industrial areas to develop a high quality vendor base for sourcing of raw materials and machined components. It will employ managers, engineers and trained operators to run and manage the high-tech machinery and equipment. A Research and Development facility will be established in due course of time which will enable the centre to design, develop and validate hydraulic cylinders for various industrial applications

The high pressure double acting cylinders will cater to the requirements of manufacturers of Excavators, Loaders, Backhoe Loaders, Dozers, Dumpers, Motor Graders and Farm Equipments.

The telescopic cylinders will cover the requirements of Tippers, Dump trucks, Refuse Vehicles and Garbage compactors.
Wipro also plans to establish a service network to support the products across China to cater to the needs of the end users.

About Wipro Infrastructure Engineering

Wipro Infrastructure Engineering, a division of the USD 6 Billion multi-business corporation Wipro Limited, manufactures and provides precision-engineered hydraulic cylinders and truck hydraulic solutions for the infrastructure and related industries.

Headquartered in Bangalore, India, Wipro Infrastructure Engineering has over six decades of experience and is the largest independent Hydraulic Cylinder manufacturer in the world. It has nine manufacturing facilities in India, Sweden and Finland with customers across India, Asia-Pacific and Europe.

About Wipro Limited

Wipro provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services company globally. Wipro's IT Services business was assessed at Level 5 for CMMI V 1.2 across Offshore and Onsite development centers.

Wipro also has a strong presence in niche market segments of Infrastructure Engineering, and Consumer Products & Lighting.

Wipro's ADS are listed on the New York Stock Exchange, and our equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange.

For more information, please visit our websites at www.wipro.com, www.wiprocorporate.com and www.wipro.in

Wipro's forward looking and cautionary statements

Forward-looking and cautionary statements Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Wipro may, from time to time, make additional written and oral forward looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.


CONTACT DETAILS
Li Xiao, China, WIPRO, +86 13816370747, xiao.li@wipro.com
Isabelle Kispotta, India, Wipro Limited, +91 (80) 25056163
Mitesh Shah, Zzebra PR, +91 9341321422

KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, CONSTRUCTION, IT, REAL ESTATE, TECHNOLOGY, WIPRO.BO, WIPRO.NS

If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.

Submit your press release at http://www.businesswireindia.com