Building on its growing global footprint, Sprintex Ltd (ASX:SIX) has locked in a A$7 million exclusive distribution deal for its G Series Blowers in India.
Sprintex has appointed Euroteck Environmental Pvt. Ltd. as its exclusive India distributor in a three-year agreement worth A$7.16 million following successful local testing that demonstrated significant energy savings.
The collaboration has plans for local assembly and retrofitting of up to 3,000 existing systems with Sprintex G15 units, underscoring Sprintex's commitment to providing energy-efficient industrial solutions tailored to regional needs.
An initial order under the agreement worth US$91,750 (A$144,000) has already been secured, with a deposit of US$45,875 (A$72,000) due within seven days.
Quarterly minimum order targets have been set to maintain exclusivity, with a total minimum commitment of US$4.56 million (A$7.16 million) expected to be surpassed over three years.
A growing market
The partnership targets India's expanding turbo blower market, which was valued at around US$100 million (A$157 million) in 2024 and is growing at a compound annual growth rate (CAGR) of 8.8%.
“Our collaboration with Euroteck marks a pivotal advancement in addressing India's growing demand for industrial efficiency and sustainability,” Sprintex managing director Jay Upton said.
“By leveraging the energy-saving capabilities of our G Series Blowers, we are providing transformative solutions that empower industries to adopt greener, more cost-effective operations.
“This strategic partnership positions Sprintex as a key player in one of the world's most dynamic industrial markets. Our G Series Blowers' unmatched energy efficiency aligns perfectly with the sustainability goals of our partner, driving mutual growth and long-term success."
Demonstrated energy savings
Euroteck's trial of five Sprintex G15 demo units demonstrated clear energy efficiency improvements compared with the blower technology they have previously been utilising in their systems.
"India's unique energy landscape and traditionally high operational costs have posed challenges to adopting advanced technologies,” Euroteck Rajkumar Kurra managing director said.
“By incorporating Sprintex's G Series Blowers into our portfolio, we aim to set new benchmarks in energy efficiency, transforming standards for wastewater treatment and industrial applications across the country."
Kurra will shortly visit Sprintex's Suzhou facility to discuss further collaboration opportunities.
Meanwhile, Sprintex continues to explore new partnerships worldwide for additional exclusivity agreements.