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Home arrow Business News arrow Virgo Engineers Group sets up new Valve Manufacturing Facility near Chennai
Virgo Engineers Group sets up new Valve Manufacturing Facility near Chennai Print E-mail
Written by Krishna Kumar   
Tuesday, 08 November 2011
Chennai: Virgo Engineers Group, a Rs. 700 crores Pune based Valve manufacturing company, has set up a new plant near Chennai at MARG Swarnabhoomi with an investment of around Rs 30 crore. The company plans to invest an additional Rs 30 crore to set up a foundry in Coimbatore to address its internal requirements.

The Chennai facility has 100,000 sq ft of factory area spread over six bays and houses a Machine shop for machining of valve components and a Valve Assembly and Test set up besides a separate Store and warehousing facility. It will initially employ about 50 people and is expected to bring in revenues of Rs. 200 million this year and Rs. 500 million in the next full year of operations.

In India, Virgo already has established manufacturing facilities in Pune and Coimbatore. The Company is in the process of becoming a fully integrated Valve Company by setting up a state-of-the-art Foundry at Coimbatore which will be completed by the end of the fiscal year to manufacture & supply Valve castings to its manufacturing units.

"Virgo Chennai is very strategic to Virgo’s growth plans. The large plant that we have at MARG Swarnabhoomi gives us an opportunity to ramp up our production capabilities and be in a position to cater to increased export demand from our existing as well as from new markets that we envisage in the next couple of years," said Jagdish Desai, CEO, Virgo Engineers Group.

The new facility in MARG Swarnabhoomi located on scenic East Coast Road (ECR), mid-way between Chennai and Puducherry, has proximity to the Auto & Electronic industrial belts of the nation and is fast emerging as the city of education, research, innovation, industry and living.

VIRGO is a leading manufacturer of a wide range of Flow Control Valves and allied products predominantly for the Oil & Gas sector.  The products include Ball Valves, Triple Offset Valves, Wellhead Equipments, Valves for Severe Service, Steam Products and Actuators.

VIRGO has over 750 employees worldwide and has a customer base of over 2300 customers across 72 countries. It has 13 Sales Offices in 7 countries and has manufacturing plants in India, Italy, Germany and USA. 

The company is targeting a turnover of Rs 1,000 crore by the end of current fiscal.

 
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