Sandvik Asia has acquired a 20.2 hectare site at Chakan, near Pune, India, in order to establish a new unit for the express purpose of manufacturing construction equipment specifically for the Indian market place, with the facility expected to be up and running by 2015.
Sandvik says that this development further highlights Sandvik’s commitment to India and South-East Asia as a whole, and follows on from Sandvik Construction’s recently launched new surface rock drill that has been designed, and manufactured, in India from components sourced locally.
According to Olof Faxander, president and CEO Sandvik, there are also plans to design and make products for the domestic construction and mining sector. He added that the company will also source components from India for export to its other plants globally, as well as stating that Sandvik will make significant investment in India, including in its R&D centre over the next two years.
Ajay Sambrani, managing director Sandvik Asia, said of the development: “We have identified mining and construction as a major growth area in India, which will make significant contribution to the company’s top line and would become the largest business area in Sandvik.”
