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Atlas Copco, a provider of various productivity solutions, today said it has expanded its existing facility here by opening a new manufacturing unit.
The company, in a statement, said it invested Rs 80 crore in the expansion of the factory, doubling the capacity of the existing plant at Cherlapally here.
Atlas Copco is a manufacturer of mining equipment, compressors, construction equipment and industrial tools.
The new unit includes a world-class research and development test centre for the company's rock drilling products, which would help its Indian customers increase their productivity, the statement said.
The expansion at the plant, which already employs over 200 people, will generate about 35 additional jobs, it added.
In the coming months, the Hyderabad plant is scheduled to introduce new products. These include rotary products for oil and gas applications, drilling consumables for surface mining applications and for innovative deep hole drilling machines to cater to Indian and African markets.
Atlas Copco's Business Area President Mining and Rock Excavation Technique Helena Hedblom said the new unit will help strengthen the company's customer delivery process.
"It will ensure development of competitive products at a faster pace. This is also in line with our continued focus on the government's 'Make in India' initiative," he said.
As part of its strong focus on India, Atlas Copco, in 2013, invested Rs 100 crore in its compressor plant at Chakan in Pune, the statement added.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)