FIBA Technologies, Inc. and Indian-based NEW FIELD Industrial Equipment Pvt. Ltd. have formed a joint venture to manufacture cryogenic equipment and CNG products in India. The venture will combine FIBA’s experience with cryogenic and CNG equipment and NEW FIELD’s pressure vessel manufacturing and engineering capabilities. The joint venture will be headquartered in Vadodara, Gujarat, India, with operations to begin in March 2011.
Founded in 1971, New Field Industrial Equipment Pvt. Ltd. designs and manufactures a range of products, including ejector and vacuum systems, surface condensors, heat exchangers, storage vessels, agitated vessels, scrubbers, eductors, gas skids and turn-key projects. New Field provides its products to customers both in India and around the world.
The joint venture will be named FIBA NEW FIELD Gas Technology Products Pvt. Ltd. (“FNF Gas”).
