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Konecranes setting up new plant at Jejuri in western Maharashtra Print E-mail
Written by Vijay   
Thursday, 03 November 2011
Mumbai: Finnish crane maker Konecranes, which recently acquired Indian crane company WMI Cranes Ltd, is setting up a new plant at Jejuri in western Maharashtra. The company also plans to set up an R&D facility in Pune. WMI has production plants in Mumbai and Jejuri, near Pune, which will now be used for machining of components.

It will invest around Euro 15 million (approximately 1.01 billion Indian rupees) to set up this plant, with an installed capacity of 1,000 units a year. The plant is expected to be operational by next year.

Konecranes India country head Sami Korpela said the domestic market, which saw a sale of 10,000 cranes last year, is expected to double by 2013. The company also plans to export to West Asia, South-East Asia and Africa.

WMI has an installed base of over 4,000 cranes in India and it has an extensive sales network throughout the country. The cranes supplied by WMI are used especially within steel, engineering, general manufacturing, cement, energy, shipyard and logistics industries. The company has a strong position in the fast growing Indian steel industry in particular.

The company's manufacturing facilities will be concentrated in Jejuri. Konecranes also has facilities in Sanaswadi and Bhandup in Maharashtra.

Last Updated ( Thursday, 03 November 2011 )
 
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