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Home arrow News arrow Business News arrow Netzsch Technologies shifts pump manufacturing facility from Chennai to Goa
Netzsch Technologies shifts pump manufacturing facility from Chennai to Goa Print E-mail
Written by Krishna Kumar   
Tuesday, 25 October 2011
Panaji: Netzsch Technologies India Pvt Ltd (NTIPL), a subsidiary of the €400 million Germany-based Netzsch group, has closed its pump manufacturing facility in Chennai - which had a capacity to manufacture 300 pumps per annum - and shifted to Goa's Verna Industrial Estate. The new facility has a capacity to produce 1,500 pumps per year.

Vivek Norman, Managing Director, NTIPL said that the company's turnover from India would grow at 30 per cent this financial year, from the current turnover of €2.5 million, due to the Goa facility.

The company's domestic sales of approximately 800 units per year will be catered to by the new plant.

The Netzsch group produces progressing cavity pumps, industrial rotary lobe pumps, macerators and griders. The company currently has a 25 per cent market share and compounded annual growth rate of 32 per cent.

 
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