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Ingersoll Rand to open third plant in India

Posted: 02 Nov 2010     Print Version  Bookmark and Share

Keywords:HVAC industry  greenfield plant  food security 

Ingersoll Rand strengthens its ties with India by planning a third manufacturing facility with an investment of Rs.466.96 crore ($100 million) over the next three years. The plant will be its first plant to be located in Southern India. The facility will primarily cater to manufacturing products for the Heating, Ventilation and Air Conditioning (HVAC) industry. It will also focus on products for transport air conditioning and food security.

The company presently has two local manufacturing operations in Naroda, Ahmedabad, and Sahibabad near Delhi. Local manufacturing, innovation and market-centric product development are the key focus areas for Ingersoll Rand in India. The new manufacturing facility is part of the company's overall growth strategy to drive innovation, technology and product development in areas such as food preservation, energy efficiency, climate control, and security technologies.

Speaking on the occasion, Michael Lamach, chairman, president and CEO of Ingersoll Rand said, "India is a strategic market for Ingersoll Rand and is fast emerging as a hub for innovation and product localisation for emerging economies. With the new manufacturing facility, Ingersoll Rand India will be better positioned to achieve our growth goals for emerging markets and better able to serve our customers with localized products and services."

The company is currently evaluating two strategic locations in Southern India for the new manufacturing facility. Talking about the new greenfield manufacturing facility, Venkatesh Valluri, chairman and president, Ingersoll Rand India said, "The new manufacturing plant will help Ingersoll Rand India achieve greater speed-to-market with innovative new products specifically for emerging economies at relevant price points. It also reaffirms our commitment to providing energy-efficient and sustainable solutions for local and emerging markets."

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