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(11 Dec 2023, 12:29)

Sealmatic gains after partnering with US-based EcoTech

Sealmatic India advanaced 1.62% to Rs 600.05 after the company announced a partnership with Alabama-based EcoTech to cater to the ever-growing demand for high quality mechanical seals in the USA.


EcoTech is a Single source distributor for industrial solutions and process equipment, including pumps, valves, mechanical seals, automatic lubrication, gear boxes, etc. The company employs a team of technical solutions engineers dedicated to staying at the forefront of the process equipment markets. This includes expertise in mechanical seals, pumps and many other industrial rotary equipment. EcoTech’s service centers are capable of extensive repair and fabrication to meet the needs of customers in the United State of America (USA).

Sealmatic and EcoTech will offer superior quality sealing technology and will significantly add value to the convenience of users in the process industry such as oil & gas, refining, power, marine, pulp & paper, chemical, petrochemical etc.

As of 2022, the USA mechanical seal market was tagged at over $1.25 billion and is the largest market globally for advanced sealing technology.

Umar A K Balwa, managing director, Sealmatic, said: “Sealmatic has always raised the bar in terms of delivering quality sealing technology globally thus meeting the diverse and ever-growing needs of the end users and OEMs.

We are pleased to announce the partnership with EcoTech in USA, which is in line with our expansion strategy, strengthening our network throughout the USA. As we continue to expand our offerings across the USA, we look forward to enhancing our state-of-the-art products in addition to prioritizing safety and efficiency in the years ahead.”

Sealmatic India is engaged in the business of designing and manufacturing of mechanical seals and associated products. The company has a complete range of engineered mechanical seals and sealing support systems to cater the needs of customers located all across the globe.

The company had reported a net profit of Rs 6.59 crore and revenue of Rs 37.01 crore for the six month ended on 30 September 2023.


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