Phoenix Conveyor Belt India, part of Phoenix Conveyor Belt Systems (PCBS) GmbH, is looking to double its revenues from exports and what it terms as “internal sales” from the present 15% in the next two years, a highly placed source in the company informed ISMW.
The group, with headquarters in Hamburg, Germany, has certain set markets and segments where its subsidiaries can operate through internal sales for cost competitiveness.
Exclusive export markets for Phoenix India, however, is the Middle East and SAARC countries, which contribute 5-6% of the turnover.
The company is upbeat on both exports and internal sales.