Paul Wurth: A brief company history

The year 1870 saw the birth of the Paul Wurth Company as a boiler making facility, known to the townsfolk by the name “Kesselfabrek”. In 1891 the business was handed over to Paul Wurth, a young engineer, whose pioneering spirit deeply marked the company’s history.

Initially, the firm specialized in metal erection works, especially the construction of metal bridges and blast furnace shells.
In 1951 Paul Wurth collaborated with a British steel firm to acquire licenses needed to supply complete blast furnaces with all the accessories. This was the turning point.

From this time on Paul Wurth had become an international market leader to the iron making industry. It created subsidiaries and branches, first in Brazil in 1977, followed by Canada and the U.S.

Today the Group has 18 offices in all main steelmaking regions of the world.

In 1993 Paul Wurth India Pvt Ltd was incorporated as the first Asian subsidiary of the Group. With a team of some 80 experts, Paul Wurth India pursues a policy of close contact with the most eminent Indian Steel producers. Relying on own engineering capabilities and local supplies, Paul Wurth India operates in a very dynamic market and is presently involved, with other Group entities, in a number of ambitious blast furnace construction projects.

Paul Wurth India is giving an exclusive opportunity to share their Indian story and experiences with other BLBA members. It will be an interesting and interactive session to share the cultural barriers and challenges that Belgian and Luxembourg companies could face while being in India.

Event Summary :

Day/Date: Tuesday, 31st August, 2010

Time: 4.30 pm onwards (followed by Tea)

Venue: Paul Wurth India Pvt. Ltd

The Mira, Corporate Suites, F1-Block, FF, 1-2 Old Ishwar Nagar
Okhla Crossing, Mathura Road, New Delhi-110065

For roadmap please click on the link below:

http://maps.google.co.in/maps?hl=en&gl=in&ie=UTF8&ll=28.52715,77.276373&spn=0.034538,0.055189&z=14

Charges: Free of charge, exclusively for Members of BLBA

As the seating at Paul Wurth India is very limited, we would greatly appreciate it if you could kindly confirm your participation ASAP by email at info@blbanewdelhi.org

If you have not renewed your membership for the fiscal year 2010-2011 yet, or if you wish to become a new member, you can send your cheque along at the same time. For all details about the BLBA membership categories and fees, and to register online, please follow the following link:

http://blbanewdelhi.org/membership/become-a-member/.

India has a long way to go in establishing a mature collection services industry. The collection business needs to be regulated and empowered with legal powers to become an effective tool. Already, there is awareness in the country that court dependant recovery is an inefficient way of debt collection. Alternative solutions have emerged recently and specialised debt collection services are gradually becoming available. The recent creation of Assets Reconstruction and Securitization Companies under the SARFAESI Act is definitely a step in the right direction for recognising debt collection as an independent and specialised business function.

In this context, we have invited two professionally managed companies to explain to the audience how far they can assist small, medium and large size companies in the collection of debt within the existing legal framework.

• BLS DETECTIVES Ltd. is an ISO 9001:2000 Public limited company specialized in the field of detection, investigation, commercial verification & services and IPR violation. BLS Detective Ltd. is also active as enforcement agent under the Securisation and Reconstruction of financial assets and enforcement of Security Interest act 2002 (SARFAESI act) for 15 banks and financial institutions.
• TRUSTMAN is one of the few Debt Collection attorney network in India, having specialization in debt collection in the normal course or through legal means, both within India or abroad, with a world wide network of attorneys/ Debt Collectors. Trustman provides National & International, Commercial and Consumer Debt Recovery / Collection Services. The policy of the firm is always to give priority to amicable debt collection. Courts collection is proposed to the creditor if amicable efforts for debt collection have not succeeded and if debtor’s solvency is assessed as sufficient. The policy of the firm is to charge a contingent fee calculated on a percentage of the claims recovered from the debtor.

Event details :

Date : Thursday, 24th June, 2010 – at 7.00 pm onwards (seminar followed by cocktails and dinner)

Venue : Magnolia, Habitat World, at India Habitat Centre, Lodhi Road – New Delhi 110003 (Entry from gate number 3 on Vardhman Marg)

Participation charges:    INR 1,000 for Members – INR 1,500 for non members

As the seating in Magnolia IHC is limited, we would greatly appreciate it if you could kindly confirm your participation ASAP by email at info@blbanewdelhi.org.

Mr Ratna Rao, President of the Belgian-Luxembourg Business Association (BLBA) and Baron Philippe Vlerick, Chairman of the Belgo-Indian Chamber of Commerce (BICCI) signed the partnership agreement in the presence of HRH Prince Philippe Crown Prince of Belgium (third from right) and HE Mr. Steven Vanackere, Deputy Prime Minister and Minister of Foreign Affairs (second from right) and HE Mr. Jean M. Deboutte, Ambassador of Belgium to the Republic of India (extreme right). Also seen in the picture is Mr. Chandrajit Banerjee, Director General, Confederation of the Indian Industry (CII).

Some pictures taken by Rahul Indreyal.

End your week with a Belgian Happy Hour! Let your guard down, mingle, network and then sample some delicious craft beers from Belgium – the land of fine beers and brewers! Taste the prized Trappist Beers (brewed by Monks!), Farmhouse beers and other fine brews. There will be a special nibbler menu as well as discounts and offers on the beers.
Date: First Fridays of Every Month, between 7 and 10 pm. The next event will be on a Friday, March 5th.
Venue:
Olive Beach
Hotel Diplomat
9 Sardar Patel Marg, Diplomatic Enclave
Chanakya Puri
New Delhi
Tel: (011) 4604-0404 / 99711 44455

The event is being supported by the Embassy of Belgium, Wallonia Export & Investment, the Belgian Business Association, the Swedish Chamber of Commerce in India, and is being held in partnership with Olive Beach and Cerana Imports.

On the occasion of the Belgian economic mission that will be presided by HRH Prince Philippe and which will be in India from 20 to 27 March 2010, the Belgian Publishing House Versant Sud will print an art-book: ‘Belgian Heritage in India’, written by Philippe Falisse, who lived 40 years in India and worked as Attaché Culturel at the Belgian Embassy in Delhi. The book aims at arising the readers’ interest towards the Belgian cultural heritage that is present in India such as the Belgian glass, paintings of Flemish masters etc. It pays a special tribute to eminent Belgian personalities who spent their lives in India and stood out in different fields. Their contributions have been recognized by the Indian authorities. A peak preview can be downloaded from http://www.versant-sud.com/stockage/BelgianHeritage (it takes 2 to 3 minutes to download, pink blocks are still to be modified). The Publishing House is looking for sponsors for the publication and offers them several possibilities of visibility (more detailed information below). Please pay attention to the fact that the deadline for sending the sponsoring order is next Wednesday, 3rd of February. Order form Belgian Heritage in India

BLBA member Radical Euro-Services SA launches Connectvendors. Connectvendors is an internet based Enterprise Application “BIDDING/ AUCTION” platform for “E-SERVICES” that functions as a “SERVICE BAZAAR” and allows buyers of services and vendors of services to reach one another over the web, evaluate core competencies, identify the right fit and perform transactions in a hassle free manner. This E-SERVICE MARKET place helps customers, identify the best talent of professionals and cost effective providers through an “OPEN BID / AUCTION” process. The process of registering, posting projects/profiles, identifying, placing a bid, posting deliverables and making payments is all carried out in a seamless manner. REGISTRATION TO CONNECT VENDORS.COM IS FREE BOTH, BUYERS AND VENDORS. Qualified freelancers, part-time job-seekers, students and senior citizens can take advantage of this business gateway and participate in the open bid process. We hereby invite you to register yourselves/ your company on ConnectVendors.com and make yourselves visible globally for business.

From January 10th-13th, the Minister of Economy and Trade of the Grand-Duchy of Luxembourg, Mr. Jeannot Krecké, has led a trade mission to India during which he visited the cities of Delhi, Kolkata and Mumbai.

Minister Krecké was be joined by about thirty businessmen representing companies of different sectors of the Luxembourg economy, as well as by about ten high ranking civil servants and ten representatives of Luxembourg media. Minister Krecké also visited the Auto Expo in Delhi, where Luxembourg firms have been present during the whole week.

The economic mission took place in the context of the entering into force this year of the provisions of the double taxation avoidance agreement signed by India and Luxembourg in June 2008.

During his stay in Delhi, Minister Krecké had fruitful meetings with Union Minister Deora, Union Minister Abdullah, as well as with Union Minister Kamal Nath. He also paid courtesy calls to the Chief Minister of West Bengal and to the Governor of Maharashtra.

Minister Krecké’s speech and presentation on Luxembourg are shown below.