Pune-based water heater manufacturer, Racold Thermo Ltd, a wholly owned subsidiary of the Ariston Thermo Group-Italy has plan to focus more on solar water heater systems which are more energy efficient and in the renewable form. For this, the company has decided to invest Rs 150 crore by 2015 form current investment of Rs 50 crore.
Commenting on this, Mathew Job, managing director, Racold Thermo said, “The need for green technology adoption is more paramount now than ever before. Racold Thermo, the pioneer in energy efficient products in water heating solutions in India, is taking the lead by introducing a new range of more advanced, energy efficient water heaters in the country. Today’s consumer is looking for home appliances that combine energy efficiency with good, intelligent design that meet consumer needs. We are targeting this evolved customer with our new range of products.”