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ADVIK Group invests Rs 85 cr to build third plant in Pune
Industry News- Jan 01,19
ADVIK Hi-Tech, an auto component manufacturer, will expand its global production network with the groundbreaking ceremony for its third plant in Pune. With this addition, the Advik Group now comprises of nine production facilities spread across India, Indonesia and Vietnam.
ADVIK Hi-Tech, an auto component manufacturer, will expand its global production network with the groundbreaking ceremony for its third plant in Pune. With this addition, the Advik Group now comprises of nine production facilities spread across India, Indonesia and Vietnam.
“Our new plant is an important part of our long-term growth strategy of building ahead-of-the-curve technologies and facilities. With stricter emission and safety norms, increased vehicle electrification and hybridisation becoming the new growth drivers, our new plant will help us serve our customer better and stay ahead in the evolution of technology curve," said Aditya Bhartia, Managing Director, ADVIK Group of Companies.
The company will be investing Rs 85 crore to build the new facility which will comprise manufacturing, assembling and testing facilities, creating more than 300 new jobs. The new plant spanning an initial 10,000 sq m is expected to be operational by August 2019, bringing the total production floor space in Pune to 20,000 sq m.
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ADVIK Group invests Rs 85 cr to build third plant in Pune
ADVIK Hi-Tech, an auto component manufacturer, will expand its global production network with the groundbreaking ceremony for its third plant in Pune. With this addition, the Advik Group now compris..
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ADVIK Group invests Rs 85 cr to build third plant in Pune
The company, which manufactures oil pumps for 2-wheeler & 4-wheeler and combined braking system (CBS), expects to open the new plant by mid-2019.
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