Atlas Copco invests Rs 100 cr at Pune facility

Swedish compressed air solutions manufacturer Atlas Copco has set up a  new manufacturing plant at Chankan near Pune.

The company has made investment of Rs 100 crore in this facility. The new facility will manufacture industrial and portable compressors, while the existing facility at Dapodi will continue to produce oil free compressors and quality air product.

These will be designed for India and cater mainly to the domestic market, but the company could consider export to countries depending upon the future market conditions.

Atlas Copco India, operating in India for the last 53 years, has three plants in Pune and one each in Nashik in Maharashtra and Hyderabad. Atlas Copco India clocked sales revenues of Rs 2,200 crore in the last financial year and is expecting to cross turn over of Rs 3000 by end of March 2013.

The company is also looking forward to growth in biogas and hospital segment.

Commenting on this, Horst Wasel, president, quality air division, Atlas Copco said, “This new facility has been built to lean manufacturing principles.The Group continues its focus on India, and compressor business is growing in India. This factory will help increase efficiencies, and further support business expansion in India, and also serves customers in India and abroad. India is in the top five customer centres in the world. Atlas Copco’s compressor business comprises of over 45 per cent of the revenues and we are clocking a double digit growth in India.”