Register to Subscribe



Home arrow News arrow Business News arrow Atlas Copco to set up new compressor manufacturing facility near Pune
Atlas Copco to set up new compressor manufacturing facility near Pune Print E-mail
Written by Vivek   
Saturday, 14 May 2011
Pune: Atlas Copco, the Stockholm based manufacturer of compressors, construction and mining equipment, power tools and assembly systems, has decided to build a new compressor manufacturing facility near Pune, India, to meet an anticipated strong growth in demand over the coming years. This will also broaden the product offering to customers in India.

The new facility will produce stationary industrial compressors and portable compressors, while Atlas Copco's existing plant in the Pune area will focus on production of large oil-free and oil-injected compressors.

"The outlook for India's economic development is very good and we now have an excellent opportunity to significantly increase production capacity in the country, with a modern facility and efficient logistics," said Stephan Kuhn, Business Area President, Atlas Copco Compressor Technique.

The company will invest about 160 Million SEK (1.123 billion Indian rupees) in the new facility.

Atlas Copco (India) Limited in April signed an agreement to acquire a plot of land near Pune, where building of the new factory will begin later this year. Construction will be completed in the second half of 2012.

"There will be a continuous need for investments in design and development as we continue developing products that are adapted for the Indian market. We expect to double the size of Compressor Technique’s Global Engineering Center (Gecia) in India over the next three years," said Stephan Kuhn.

Atlas Copco, which employs about 1800 people in India, currently manufactures compressed air equipment at the plant in Pune while construction and mining products are manufactured in Nasik and Hyderabad. The Group also has engineering centers located in Pune and in Bangalore, supporting the development of products in India and globally.

 
Related news
More recent
Earlier on
< Prev   Next >

Sponsors

Mazak - The world's largest machine tool builder
JYOTI - India's most dynamic machine builder
TaeguTec - Cost effective tooling solutions
Advertisement

<< SHARE

Social

AD

Subscribe

Subscribe to MACHINIST by Email

Search

 
RSS 1.0
© 2019 MACHINIST
This site is best viewed with Firefox 2.0 or higher at a minimum screen resolution of 1024x768