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Home arrow News arrow Business News arrow Karam Chand Thapar Group to invest USD 20 million in Container Manufacturing
Karam Chand Thapar Group to invest USD 20 million in Container Manufacturing Print E-mail
Written by Ravi   
Friday, 01 April 2011
New Delhi: Karam Chand Thapar & Bros. Ltd., through it's wholly owned subsidiary - Indicon Logistics Ltd - plans to invest about USD 20 million in container manufacture and container leasing. Indicon Logistics has already set up a manufacturing facility in Ranchi, Jharkhand at an estimated cost of Rs.400 million, with a capacity to make 1,200 TEU (twenty-foot equivalent unit) containers a month.

The Company plans to set up several such facilities across in India to take advantage of the growing demand in the logistics sector.

"In the first phase of operations, which entails container manufacture and container leasing, we are looking to invest about USD 20 million. We have already commissioned our first green-field facility that is the single largest container manufacturing factory in India today," said Varun Thapar, Director, Indicon Logistics.

Indicon Logistics can  produce container units like standard ISO boxes, specialized containers like bunk houses, custom-built containers, tank containers, reefer (refrigerated) containers etc. The company has brought sandwich panel technology to India with the import of sandwich panel equipment in the India, capable of producing insulated panels made of GRP, Stainless Steel, Aluminium etc.

It has dedicated and automated manufacturing lines for different products and ISO Testing facilities.

"Over the next phase of expansion, we are looking to invest approximately USD 100 million as we move from manufacturing and diversify into the development of logistics infrastructure like integrated logistics  hubs, Container Freight Stations (CFS), Inland Container Depots (ICD) and cold chain and warehousing solutions," Varun Thapar added.

Indicon Logistics plans to make 10,000 TEU containers in the first year. The capacity will be increased to 30,000 TEU containers in three years.

In addition to catering to container train operators and shipping companies, Indicon plans to cater to Road Logistics Operators, Construction Industry, Automotive Industry, Cold Chain Supply, Bulk Liquids Transportation, Pharmaceuticals, Heavy Engineering, Energy, Defence, Space Research, Meat & Dairy, FMCG and  Retail Industry.

"With Indicon Logistics, our vision is to be a leading player in all aspects of the inter-modal container logistics industry," said Vikram M. Thapar, Vice Chairman, KCT Group.

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