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Forbes Marshall-Vyncke JV sets up facility at Chakan

BS Reporter  |  Pune 

Pune based boiler manufacture company in joint venture with Belgium's has set up a new facility at to produce bio mass and other boilers. This is a 50:50 JV between and

It has made investment of Rs 250 crore for the fisrt phase and additional Rs 100 will be made in the second phase of plant. Commenting on this, Naushad Forbes, director said, " We have already started the production of boilers in October this year. The annual capacity of this plant is of producing 1000 boilers. There is a huge demand for bio mass boilers in domestic markets. So at least for the next five years we do not have any plan f or exports. India has highest production of bio-mass and hence demand will continue for the next 20 years."

He added, "The conventional oil and gas boilers are now replaced by bio mass boilers because they are clean, safe and automated. Also, it saves cost by 15 to 30 per cent. It exports these hoods to markets like Egypt, Vietnama nd Africa.

First Published: Thu, December 12 2013. 20:56 IST