Industrial joints maker to expand Chennai plantMarch 6th, 2008 - 7:47 pm ICT by admin
Chennai, March 6 (IANS) Industrial equipment maker KE Burgmann Flexibles India Pvt Ltd said Thursday that it would increase capacity of its Chennai plant by investing about $1.5 million. “The Chennai plant capacity will be expanded to 165 joints per month from 100 joints per month,” Dipankar Lahiri, managing director of the company, told newsmen here.
The company manufactures expansion joints that are flexible connections in ducts and piping systems in various industries that prevent plant failure owing to variations in temperature, pressure and mechanical vibrations.
The company was also planning to expand capacity at its Raipur plant in Chhattisgarh to 75 joints per month from 50 joints currently, Lahiri said.
“We hope to have a total production capacity of 240 joints per month by the end of this calendar year.”
The Rs.170-million turnover company has orders worth Rs.700 million.
“The company has bagged orders from Bharat Heavy Electricals Ltd worth Rs.60 million,” said Peter Lenborg Nielson, president and CEO of Denmark-based KE Burgmann group.
The company has hired a consultant to look into the prospects of producing rubber and metallic expansion joints. The company currently makes fabric joints.
“The new products will happen sometime in 2010,” Lahiri said.
Nielson said the firm intends to export to the Middle East by 2010 to earn at least Rs.500 million.
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