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| Blue Star to set up new plant in Ahmedabad |
| BS Reporter / Mumbai/ Ahmedabad Dec 24, 2011, 00:43 IST |
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Central air-conditioning and commercial refrigeration major, Blue Star is in the process of setting up a plant near Ahmedabad. Spread over 15,000 sq m at Changodar, the new plant will come at an initial investment of Rs 15 crore.
According to Satish Jamdar, Managing Director, Blue Star Limited, the plant will initially manufacture refrigeration products such as deep freezers, bottle coolers, milk coolers and water coolers.
"We anticipate the refrigeration products business to be a significant growth-driver of the company in the years to come and it was necessary to enhance the production capacity of these products. This plant is currently awaiting statutory approvals and we hope to begin manufacturing towards the end of this financial year. The company will be making an investment of Rs 15 crore in this plant in the current financial year."
Moreover, depending on its expansion plans in the future, the company said the investment on the plant could go up to Rs 45-50 crore.
Apparently, driven by the ice cream, frozen food and dairy segments, the commercial refrigeration business of Blue Star has been on the rise. Hence, considering the expected demand in the future, the company thought it prudent to expand its manufacturing capacity for refrigeration products. Blue Star currently manufactures refrigeration products in its plant at Bharuch in Gujarat. It currently has six plants across the country. Meanwhile, the new plant at Ahmedabad will augment the current production capacity of these products significantly.
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