ThyssenKrupp to spend Rs 300 cr on setting up a facility

Facility to be complete in 2017 with initial capacity of 6,000 units

ThyssenKrupp Elevator, a part ThyssenKrupp AG, will set up a multipurpose manufacturing plant in the Chakan Industrial Area in Pune, with an investment of ^44 million (Rs 300 crore). The company plans to complete the new facility in 2017 and achieve 95 per cent manufacturing localisation in the country in the next three to four years. The facility’s initial capacity of 6,000 units per year will be extended to 10,000 units per year in 2019-20.

The company will establish a SEED Campus (ThyssenKrupp Elevator’s training academy) on-site to improve service efficiency in the field.

ThyssenKrupp Elevator will also transition key departments, such as contract engineering, from Mumbai to Pune, with the intention of localising the workforce and building on local talent.

Besides, the company will introduce new elevator and escalator products which are innovative and fully-adjusted to Indian market requirements. The company also plans to strengthen its Maintenance Services business in the country through highly trained engineers and technicians providing timely and world-class service locally.

ThyssenKrupp India Dr Michael Thiemann said, “India has ushered in a paradigm shift with its ambitious vision, 'Make in India', to boost the local manufacturing sector and uplift the economy. We are eager to participate in this growth by investing ahead of the curve and support the rapid urbanization in the country through locally manufactured, high-end technology engineering solutions”.