Packaging
Larsen & Toubro Business Unit Leverages PTCs Pro/ENGINEER To Expand Global Footprint
Tuesday 05. May 2009 - PTC (Nasdaq:PMTC), the Product Development Company, today announced that LTM, a Larsen & Toubro business unit that manufactures equipment for the tire industry , has successfully leveraged Pro/ENGINEER to expand its global business.
By providing LTM with a winning CAD platform that reduces design cycle time and enhances product innovation, PTC has enabled LTM to effectively compete in a rapidly growing and competitive global tire manufacturing industry to an extent where today almost half of LTM’s revenue is from the export market.
According to Mr. N. K. Harish, head, New Product Development, LTM, “Pro/ENGINEER has helped LTM become more innovative and productive while designing to stringent international standards. With penetration into critical markets around the globe, we have been able to strike an equitable balance between the domestic and global market and establish a more diversified and sustainable business.”
LTM Business Unit boasts of a team of highly qualified engineers with experience in designing complex mechanical, hydraulic, electronic and electrical systems. It is known for producing world class products and systems tailor made to customer requirements. It has a wide customer base spanning more than 40 countries, which include global tire majors, multinational plastics processors, Indian defense services and leading shipyards in India and abroad.
“PTC has a long standing association with the Indian engineering industry and has enjoyed a strategic relationship with L&T. PTC is very proud to partner with LTM which stands out as a great example of how our technologies have been a facilitator of business growth not just for the company but also for the Indian engineering sector,” said Mr. Rafiq Somani, Country Manager, PTC India.