Atlas Copco Starts Building New Factory in India
August 25 2023 - 3:48AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Atlas Copco said Friday it has begun construction of
a new factory in Talegaon, Pune, India that will manufacture air
and gas compressor systems for the local market and for export.
The Swedish industrial tool maker said it is investing around
1.4 billion Indian rupees ($17 million) to build a manufacturing
plant and office building, with completion expected by the second
quarter of 2024.
"We invest further in capacity in India to cater to the growing
demand of the Indian and export markets," said Vagner Rego,
president of the company's compressor technique business.
"It will enable us to reach new customers and markets and
improve lead times."
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
August 25, 2023 03:33 ET (07:33 GMT)
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