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Atlas Copco expands production facility in Hyderabad
20 April 2017, 10:23 | Todd Saunders
Pune and Nashik are the other locations in India hosting Atlas Copco manufacturing units, she said, adding that the Hyderabad plant was focused on products used in surface mining and digging water wells.
Atlas Copco included a R&D test center for rock drilling products in the site's expansion, which allows the company to help its customers increase competitiveness.
The company's Hyderabad unit is set to introduce rotary products for oil gas application, drilling consumables for surface mining applications and deep hole drilling machines in the coming months to serve Indian and American markets.
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The expansion at the plant, which already employs over 200 people, will generate about 35 additional jobs, it added. Commenting on the expansion of the unit, Helena Hedblom, business area president (mining and rock excavation technique), Atlas Copco AB, said, "India is one of the very important markets for Atlas Copco and this new factory will help us strengthen our customer delivery process, enhancing our customers" productivity. 130 crore had been made on the facility, that apart from exporting around 70 % of its production, also supplied to Atlas Copco's factories in the U.S.
Atlas Copco (atlascopco.com) is a world-leading provider of sustainable productivity solutions. The company also has two engineering competency centres for compressors and construction and mining equipment. In 2016, Atlas Copco had revenues of BSEK 101 (BEUR 11) and about 45 000 employees. Principal product development and manufacturing units are located in Sweden, the United States, Canada, China and India.
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