Business Daily from THE HINDU group of publications
Wednesday, Oct 17, 2007
ePaper
Business Daily from THE HINDU group of publications Wednesday, Oct 17, 2007 ePaper |
|
|
|
|
|
|
|
Corporate
-
New Projects Metso to expand capacity in India Our Bureau New Delhi, Oct. 16 Finnish equipment maker Metso Minerals said it will expand its manufacturing and foundry capacities and office premises in India with a combined investment of €12.5 million. The decision to invest is due to the increased demand for crushing and vibrating equipment and pumps, and related service products in India. The expansion will be completed by the end of 2008, Metso said in a statement. At the company’s steel foundry in Ahmedabad, the capacity for crusher wear parts and pump castings will be more than tripled by 2009 from 2,000 tonnes per year to 7,000 tonnes per year, the statement said. The expansion is targeted to primarily serve the Indian market. The investment at the company’s Bawal factory in Haryana includes building an assembly line dedicated to mobile crushing and vibrating equipment, doubling the current floor space, as well as for new production equipment. “With this investment, Metso’s target is to more than double the supply of mobile crushing and vibrating units by the end of 2009,” it said. More Stories on : New Projects | Engineering | Minerals
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, 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
|