Belgian Firm Forms JV with Forbes Marshal

Eyeing the Rs 1,000-crore biomass energy-plant market in India, Forbes Marshall and Belgian energy-solution giant Vyncke Energitechniek announced an equal joint venture on Wednesday. The newly formed company, Forbes Vyncke, has set up a manufacturing unit in Pune and has already completed installations worth Rs 16 crore in India over the last eight months. The newly-floated company plans to get clients from food processing, pharmaceuticals, textiles, breweries, dairy and rubber industries.

Forbes Vyncke will undertake manufacturing and installation of industrial boilers and energy converter with a per-hour-biomass-burning-capacity of 15 tonnes, which can go up to 100 tones as per the requirement. The firm plans to hit revenues of Rs 100 crore within the next 3 years.