Sandvik Asia has announced major investment plans in India after acquiring a block of land in Chakan which will be used to establish a construction equipment manufacturing facility. The 20-hectare site is near Pune on India’s west coast and will form the base for Sandvik’s new infrastructure machinery business that is expected to be operational by mid-2015.
While the financial details of the project have not been disclosed by the company, it has confirmed the focus on construction equipment has come out of parallel businesses including mining, machining solutions and materials technology.
Sandvik Group’s president Olof Faxander says, “Sandvik’s overall focus is to provide added values to ensure customers receive enhanced productivity, higher competitiveness and increased profitability. We want to make India our global resourcing place. Already, its centre of excellence in computational modelling has been operating in Pune and extended R&D footprints are being built under R&D Campus concept with product design and development activities for mining, construction, bulk material handling, cutting and rock tools.”
The company has also recently launched the 160 D Surface Rock Drill which is a locally designed, sourced and manufactured self-propelled rotary blast hole drill for the Indian market. This is one of the first developments from the engineering and design centre for mining and construction, which will now be enlarged to include about 15 designers at Pune.
Sandvik Asia’s managing director Ajay Sambrani says, “We have identified mining and construction as a major growth area in India, which will make significant contributions to the company’s top line and will become the largest business area in Sandvik Asia in a short time. In this context it must be mentioned that India is becoming an important global source for components, assemblies, materials, spares and consumables, which are required for the group’s manufacturing of mainly mining and construction equipment.”
The company says its R & D unit will be complimented by teams at Bangalore, Kolkata and Gurgaon, with the R&D and Patancheru (Hyderabad) teams continuing to grow in line with global requirement of specific types of rock excavation tools.