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Tyre maker TVS Srichakra to invest Rs 10 bn for expansion
The company will make this investment over a period of 3 years in its Madurai (Tamil Nadu) and Pantnagar (Uttarakhand) plants to increase 2 & 3 wheeler tyre capacity by 25-30 per cent and doubling its off-highway tyre capacity from current levels.Read more
Best Power Equipments (BPE) expands production capacity acquiring facility in Noida
The company has recently commenced the production of UPS from 600 VA to 1.2 MVA, Smart rack solution & Solar inverters due to robust sales from varied industries such as Healthcare, Data Centers, Banking etc.Read more
APM Terminals Pipavav to invest Rs 700 crore for expansion
The company will spend the amount for upgrading existing facilities for handling bigger ships and increasing the container capacity to 1.6 million twenty-foot equivalent units (TEUs)Read more
LORD Corp plans German facility expansion to tap EV market
LORD Corporation, a global diversified technology and manufacturing company, plans to invest Eur 14 million to expand operations at its Huckelhoven facility in Germany. Read more
Sai Enterprises plans pan-India expansion
The company launched online UPS in 2018 which has very huge demand in industry. It aims to achieve Rs 200 million turnover by 2020Read more
Better asset management adds longevity to industrial equipment
As per Deloitte report, unplanned down time was costing industrial manufacturers $50 billion per year and cutting plants’ productive capacity by five to 20 percent. With Internet of Things (IoT) technologies, businesses are looking at predictive maintenance as a massive opportunity to optimise systems and reduce costs. But it turns out that when systems run better due to smart maintenance, they also run longer, says Jonathan Wood.Read more
Tech logistics start-up GoBOLT plans expansion
The company, which recently raised Rs 40 crore from Aavishkaar, to increase its fleet size, further develop its technology platform and also foray into allied business segments.Read more
PET machinery maker Cypet plans expansion in India
Cypet Technologies Ltd, the Cyprus based single-speed PET machinery maker, plans to expand its capability in India to tap the country’s growing demand for plastic packaging. CYPET Technologies,Read more
Toyo bags expansion contract for Maruzen’s cracker project
Toyo Engineering Corporation was awarded an expansion of naphtha cracking furnaces project from Maruzen Petrochemical Co Ltd to increase ethylene production at its Chiba Plant. Read more
Uno Minda buys Germany’s iSYS RTS to strengthen presence in auto electronics
With increasing electronic content in automotives, Minda Industries has identified electronic control modules as one of the major product line for growth and expansionRead more