Banagalore, Karnataka -- (SBWire) -- 03/29/2011 -- TaeguTec India completes 10 years of successful operations in India and continues to invest to strengthen its capabilities in the country Legendary investor and ‘Sage of Omaha’, Warren E Buffett to visit the company’s plant in Bangalore

TaeguTec India Pvt Ltd, a leading partner for tooling and solutions to the automotive, defense, aerospace verticals besides PSUs today announced the successful completion of a decade of operations in India. The company, which is the only investment of legendary investor Warren E Buffett, Chairman and CEO, Berkshire Hathaway, in India, also shared that Mr. Buffett himself will be visiting the company’s plant in Bangalore during his current visit to India and apprise himself of the operations and its impressive track record.

Presenting on the company’s operations in India and plans, L Krishnan, Managing Director, TaeguTec India, said, ‘The plant in Bangalore is a strategic facility that serves the demands of not only the Indian market but other markets as well. It has involved significant investment and we will continue to invest in the plant to be able to serve the growing needs of our customers in India.

We have grown at a rate of 25% in India over the past 3 years and look forward to grow and consolidate further in the year ahead.” “It is a privilege to be a firm which is an investment of the legendary investment firm and no words can express the feeling of each of our employees in having him personally visit our plant tomorrow.” he further added.

Warren E Buffett, Chairman and CEO, Berkshire Hathaway and Eitan Wertheimer, Chairman, IMC Group interacted with the media on the occasion post the presentation of L Krishnan and answered wide ranging queries.

About TaeguTec India Pvt Ltd
TaeguTec India was established in the year 2000 and started its operations in the year 2001 with the philosophy of being its customer's partner in cost reduction. It manufactures comprehensive range of tooling at the state-of-the-art factory in Bangalore.

TaeguTec has a wide network of branches across India and stockists in every major industrial hub. In order to sustain it’s efforts of being its customer's partner in cost reduction, the company brings more new innovative products into the market. Each of these products have tremendous potential to increase productivity and reduce the cost per component. In the year 2011, the company launched a new range of products under the brand name of ‘GOLD RUSH’. These new range of products can dramatically increase the productivity and reduce manufacturing cost for customer. Headquartered in Daegu, South Korea, TaeguTec is the flagship business of IMC (International Metalworking Companies) group which is the fastest growing group in the business of metal cutting tools. IMC has grown rapidly in the last 2 decades with innovative products to showcase coupled with a profound marketing strategy in place.

Berkshire Hathaway is a majority stakeholder in the IMC Group. For more information, please visit, http://www.taegutec-india.com

For editorial queries only, contact Saritha of PRHUB @ 9686465892; saritha@prhub.com/media@prhub.com