Tussor Machine to invest Rs 40 cr in Coimbatore

The 100 per cent export-oriented unit (EoU) manufactures around 250 machines a month. It primarily exports its products to Africa,West Asia, Australia, New Zealand and South America

Tussor Machine Tools Private Limited, a wholly-owned subsidiary of Spanish computer numerical-controlled (CNC) and flat-bed lathe machines maker Tussor SL Andorra, is planning to expand the manufacturing capacity at its Coimbatore facility with an investment of between Rs 35 crore and Rs 40 crore.

“In the face of the growing demand, we are planning to increase the volumes to 5,000 units per year by 2015,” Ganesh Parthasarathy, chief executive officer of Tussor Machine, told Business Standard on the sidelines of the first edition of the four-day Engineering Expo  that kicked off in Hyderabad on Friday.

Tussor SL Andorra, which has the capacity to churn out 5,000 machines a year, established its manufacturing plant at Coimbatore in 2005 with an investment of Rs 100 crore.

The 100 per cent export-oriented unit (EoU) currently manufactures around 250 machines a month. It primarily exports its products to Africa, West Asia, Australia, New Zealand and South America.

Stating that the growth in heavy industries was fueling machine tools demand, Parthasarathy said the company had in 2011 changed the status from EoU to the Export Promotion Capital Goods ( EPCG) Scheme to cater to the domestic market also.

“We have already established around 40 dealers across the country,” he said, adding that Tussor Machine Tools garnered revenues of Rs 65 crore last financial year and was aiming at touching the Rs 200-crore mark by the end of the year 2015