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Home arrow News arrow New Project news arrow Hansen Transmissions to set up Rs 1500 Crore plant near Coimbatore
Hansen Transmissions to set up Rs 1500 Crore plant near Coimbatore Print E-mail
Written by Ganesh   
Wednesday, 02 July 2008

Hansen progresses Indian facility plans with signing of Government Memorandum

 Coimbatore:  Hansen Transmissions International N.V. (LSE ticker ‘HSN’), an established global gearbox designer, manufacturer and supplier with a leading position in the wind turbine gearbox market, announced that its Indian-based subsidiary Hansen Drives Ltd., has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu. This MoU outlines the establishment of a manufacturing facility for wind turbine gearboxes at Karumathampatty, near Coimbatore, involving an investment of Rs 1500 Crores (270 million Euros) over a period of 5 years.

The MOU was signed by Mr Ivan Brems, CEO of Hansen Transmissions International NV, and Mr M. F. Farooqui, Industries Secretary, Government of Tamil Nadu, in the presence of Chief Minister Thiru M. Karunanidhi at the Secretariat.The MOU was signed by Mr Ivan Brems, CEO of Hansen Transmissions International NV, and Mr M. F. Farooqui, Industries Secretary, Government of Tamil Nadu, in the presence of Chief Minister Thiru M. Karunanidhi at the Secretariat.

Hansen’s 61 acre facility is being developed at the Hi Tech Engineering Special Economic Zone, Coimbatore, promoted by Suzlon Infrastructure Limited, part of the  Suzlon Group. The plant, which is expected to provide employment for more than 800 people by the end of 2010, envisages manufacturing gearboxes for 1.5 to 3.0 MW wind turbines.  Hansen plans to reach full production capacity in the financial year 2012. The total installed capacity will be 2500 gear units per annum (1.5 to 3.0 MW), corresponding to an output of 5000 MW per year.

Hansen's factory in India will apply the same production installations, processes and methodology used in its Belgian plants in Lommel and Edegem.

Mr Ivan Brems commented, “There is a lot of support for the renewable energy industry in Tamil Nadu and we were attracted and impressed by the level of technical talent available in Coimbatore. India is one of the world’s leading growth markets in wind energy and has developed significant technical expertise as well as a rapidly increasingly appetite for renewable energy. It is proving to be a very exciting investment area for Hansen and supports an essential part of our strategy to build additional capacity in Asian markets.”

With over 15, 000 of its gearboxes in use worldwide, Hansen Transmission is among the largest manufacturers of wind turbine gearboxes. The company was recently acquired by wind and renewable energy major Suzlon Energy Ltd for $565 million .

 
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