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PRESS RELEASE:
Notice of a significant development in the Electrical Solutions Market in India.
CARY, NC / OCTOBER 2007
ECS and CPHTT are pleased to announce the formation of a new joint venture company to
serve the carbon brush, commutator and magnetics industries in India. The new company will
retain the name of CPHTT with ECS Holdings of Cary, NC acquiring a 49% interest in the
business. This underlines the significance of the Indian market and is a clear, long-term
commitment from ECS to provide technology solutions in India, in strategic partnership with CPHTT
The new company combines the local service and technical support of CPHTT and makes
available the product technology of ECS global companies to the Indian electrical, automotive
and consumer goods markets.”.
During the fourth quarter of 2007, the new company will establish production operations in
India for carbon products and develop a technical and service centre for the provision of related
products from other ECS global partner locations. CPHTT and ECS believe that this will offer a
superior value proposition to customers in the Indian market.
The establishment of local production in India will involve the transfer of production equipment,
processes and technology from Europe, present and future, some of which will involve the
relocation of existing parts currently produced outside of India.
Gary W Riley, President and CEO of ECS Holdings, comments: “India is now becoming a major
market for technology solutions. The announcement, today, underlines ECS commitment to
support our customers globally and to invest in growth markets. Our partnership with CPHTT
makes leading ECS technology available to the Indian market and provides the means to
support this locally.”
For and on behalf of ECS
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