China-based construction
and mining industry equipment maker Sany Heavy Industry will invest an additional
Rs 300 crore in its Chakan plant, and add port machinery and dumpers for the
mining industry to its existing range of products this year, according to media
report.
When it went on stream in April 2010, the company’s
greenfield plant at Chakan was its first outside China and the largest one
overseas. Sany has invested Rs 600 crore in India so far. It now assembles
excavators and crawler cranes at this facility from completely knocked down
kits.
“We will invest Rs 300 crore at this facility over the next
three years,” Alex Wu, Managing Director, Sany India told Business Standard.
The company also decided to localise the current range of
products to the extent of 50 per cent in revenue terms this year he said,
adding that one of the localisation initiatives includes using engines from
Cummins India.
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