Keestrack announces joint venture in IndiaPublished 3/10, 2022 at 10:10
Keestrack Belgium, through its holding company PFH, has entered into a joint venture agreement with Indian group, Gujarat Apollo Industries Ltd in India.
The joint venture, Goldoni Apollo Private Ltd, aims to design, assemble and produce agricultural equipment for the Indian market as well as for certain export markets. The joint venture will use the Goldoni technology which was acquired by the Keestrack Group in 2021.
Headquartered in Ponzano Veneto, Goldoni is a leading Italian manufacturer of small to medium size agricultural equipment and was founded in Italy in 1927. Goldoni stands for high technology equipment with care for the environment, Italian traditions and passion for design. From moto cultivators to specialised tractors, such as the ‘4WD’ and ‘Equal Wheels’ dedicated to orchards and vineyards, the Goldoni range has been developed to help agricultural operators manage the entire agronomic cycle more effectively and sustainably.
Keestrack, headquartered in Bilzen, Belgium, is a family owned global manufacturer and supplier of mining, recycling and construction equipment. Keestrack produces equipment in Italy, Czech Republic, China and India with its parts, logistics and administrative headquarters in Belgium. Keestrack started manufacturing in India in 2019 under the name eTrack Crushers, headquartered in New Delhi. Gujarat Apollo Industries Group, founded in 1970's, is a prominent manufacturer of mining and construction equipment based in India. Gujarat Apollo has recently entered the agricultural and farming machinery business.
“We see a great opportunity in the Indian market for high quality localised agricultural equipment and believe that we can not only bring new technology to the Indian agricultural equipment market, but also add value to the entire value chain together with the expertise of our well known and reputable Indian partner, Gujarat Apollo Industries Ltd,” says Peter Hoogendoorn, CEO of PFH Holdings and President of Goldoni Italy.