Indo German Collaboration boost: Heraeus expands its position in global market for silver contact materials

Choksi Heraeus, India’s leading processor of precious metals, to become a global player in the silver contact market

Silver contact materials are essential in the switchgear, automotive and telecommunications industries. Choksi Heraeus, the Indo-German collaboration based in Udaipur, is a major manufacturer of electrical contacts catering to the needs of customers in India and around the world. In order to become a major global player Choksi Heraeus is now significantly expanding its production base. Customers in the US and Europe will benefit from the combined know-how of the partners Choksi and Heraeus. Heraeus will be responsible for sales and technical support while Choksi Heraeus will manage production and logistics.

Ready for the global market

The global expansion of Choksi Heraeus is made possible by an asset deal with Umicore Brazil Ltda, a subsidiary of the Belgian materials technology and recycling group Umicore Choksi Heraeus acquired the assets of a silver contact plant with over 170 production machines in Brazil and is relocating the plant to the Choksi Heraeus site in Udaipur, India. “This expansion of our assets will enable us to serve the global market in a more significant way and to produce larger quantities of silver contact materials,” explains André Christl, President of Heraeus Precious Metals.

Choksi Heraeus offers high-quality and customized silver-based contact materials such as Fine Silver, Silver-Copper, Silver-Palladium and Sintered Composites such as Silver Tin Oxide, Silver Cadmium Oxide, Silver Nickel, Silver Graphite, Silver Tungsten, Silver Tungsten Carbide.

Great potential for the future

“This strategic partnership is a win-win situation. We are expanding our portfolio with important products and the alliance is opening up new global markets,” says Kishore Choksi, Managing Director of Choksi Heraeus. Silver is a well-established contact material and the market promises enormous potential. “We have already received our first customer inquiries and see great opportunities for us in the market,” says Kishore Choksi.

About Heraeus

A globally leading technology group, Heraeus is headquartered in Hanau, Germany. Founded in 1851, it is a family-owned portfolio company which traces its roots back to a pharmacy opened by the family in 1660. Today, Heraeus combines businesses in the environmental, energy, electronics, health, mobility and industrial applications sectors.

In the 2018 financial year, Heraeus generated revenues of €20.3 billion. With approximately 15.000 employees (including staff leasing) in 40 countries, the FORTUNE Global 500-listed company holds a leading position in its global markets. Heraeus is one of the top 10 familyowned companies in Germany.

With technical expertise, a commitment to excellence, a focus on innovation and entrepreneurial leadership, we are constantly striving to improve our performance. We create high-quality solutions for our clients and strengthen their long-term competitiveness by combining unique material expertise with leadership in technology.

About Choksi Heraeus

The Collaboration between Heraeus and the Choksi family, successfully operating for the last three decades, follows the guiding principles of Heraeus and is well-known for high-class reputed solutions, products and services in the precious metal industry.

Press Release Ieema August 2019 Issue Highlited

Media Contact

Samweg Choksi

Vice President

Choksi Heraeus Pvt Ltd

Udaipur, India

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