Financial Daily from THE HINDU group of publications
Thursday, Nov 25, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - New Projects


Rittal to invest $5 m in Indian subsidiary

Our Bureau

Bangalore , Nov. 24

RITTAL GmBH & Co plans to invest $5 million in its Indian subsidiary's expansion programme.

As per the blue print for its expansion, Rittal India Pvt Ltd will be increasing the total area at the Doddaballapur plant to 23,000 sq m from the current 10,000 sq m. It would also set up a fully automated painting plant as well and add several new machines and assembly lines to step up its production capacity by five fold, said a company release.

Rittal India plans to introduce dedicated lines for MCCs (motor control centres), control desks, stainless steel enclosures, IT networking and server racks, including the latest TE 7000 range of networking and server racks besides cooling units along with several new products. It will also develop and supply new low-cost design versions of products required for markets in Asia-Pacific, West Asia and South Africa.

The $2-billion German company commenced its operations in India in 1997.

Initially, Rittal GmBh will invest $1 million (around Rs 4.5 crore). The first phase expansion is expected to be completed by January 2005 and result in an increase in capacity of over 30 per cent.

The second phase of expansion with an additional investment of $4 million (around Rs 18 crore) is expected to be completed by the end of next year.

More Stories on : New Projects | Engineering

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Army recruitment rally in Kerala


Paranjpe's new film aims to teach kids a `green lesson'
India seeks MFN status from Pak
Indo-Australian trade on the rise
CCEA clears cancer programme
Dubai sets up industrial city to attract investors
Govt rolls back monthly hike in LPG prices
Coking coal scarcity — SAIL, RINL trying to form joint ventures abroad
Raising the bar on tax receipt front
World Bank for VAT introduction on floor rates
NRE deposits: Tytler hints at removal of tax proposal
Foreign trade fair avenues for AP small-scale units
Govt drops move to privatise coal mining
`Scope seen for more community radio stations'
Microsoft to spend $20 m on Project Shiksha
Coimbatore industrialist bags Standard Motors property
Bengal CM invites pvt investment in coal mining, mineral sector
CAPART in for makeover — Plans series of regional meets from today
Rittal to invest $5 m in Indian subsidiary
Mumbai gears up for mega city festival
PFC meeting tomorrow
Science Fest in Kottayam from today
Spices exports up by Rs 278 cr in April-Oct
Last date for filing trade returns extended to Dec 31
Domestic producers hurt by anomalies in vanaspati imports
AI to shift export cargo handling unit in Chennai
HK expects higher tourist arrivals for WinterFest



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line