COMPANY NEWS
TAM-Normet consolidates presence in India
Sep 2010
TAM-Normet News Release
- As part of their international partnership, Tam International and Normet have acquired 100% of the share capital of TAM Construction Chemicals (India) Pvt Ltd. Previously TAM India was a 50/50 joint venture with Mr Sharat Nath. Mr Nath will stay on as a director of the company responsible for sales acquisition.
- Normet already has a strong presence in India and the addition of TAM's Construction Chemicals will create a 'Total Solutions Provider' for the construction sector. The decision also advances TAM and Normet's global expansion strategy announced formally in April 2010.
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- Tom Melbye, President of Normet Group and Executive Chairman of TAM Group, commented: "India is one of the fastest growing markets for construction equipment and related chemicals. The amount of infrastructure projects planned over the next few years is simply staggering. Normet/TAM are committed to serving customers in India and full acquisition of the TAM India business shows our long term commitment and confidence in the Indian market."
- Founded in 1982, TAM is a producer of specialist chemicals and systems for waterproofing, leak sealing, repair and protection for the civil construction, underground construction and general building industry. Normet acquired a 40% shareholding in TAM in April 2010 as a logical expansion of its core equipment manufacturing business and to provide a broader offering to the international civil tunneling and mining industries.
- Normet and TAM form global partnership - TunnelTalk, April 2010
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