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Saturday, October 3, 2009

Austin Engineering Company Ltd:Future growth prospects and outlook

Scripscan:Austin Engineering Company Ltd

Story:Austin Engineering Company Limited (AEC) is an ISO/TS 16949:2002 certifiedmanufacturer of widest range of ball & roller bearings and its components in Indiawithout any foreign collaboration, located near Junagadh in Gujarat State.
Founded by five technocrats as a partnership firm in 1973, today the Company hasdeveloped into a Public Limited Company, with full array of high quality andprecision bearings for different applications. Rapid development and flexible manufacturing system along with effective global delivery network enables to deliver quality products with shorter lead time and competitive prices.Company provide perfect solutions to the demand for top quality, precision engineered bearings with top-of-the-line engineering with highest standards,thorough knowledge of applications and fitments,wide range of products in almost any quantity,truly effective global delivery network.Rapid development and flexible manufacturing system enable to meet most of Company customers' needs. Batch size is not at all a constraint to us for developing as well as manufacturing, if the same is production-wise feasible for both, new and developed bearings.Company export bearings to developed countries like the USA, UK, and EuropeanUnion countries. At the core of AEC technical advancement is the involvement of the top management, which itself endeavors and supports new developments. Company are driven by the belief that Indian technology has come of age and is now well onits way to taking its place under the sun of global excellence.The company at present prices is quoting at single digit valuations and appears to be a value pick at dips.

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