Sandvik to build new plant in Pune
As part of its continued growth in the country and to leverage India’s position as one of the best cost countries in its operations, Sandvik has announced a commitment to set-up a world-class manufacturing facility at Chakan, Pune.
Development of the site commenced with the ground-breaking ceremony held at the site. The facility will be operational by end of 2016. The company has made an initial investment of $45 million (Rs 275 crore) towards the 53 acre plant. The company will make investments in a phased manner over the next five years. The new manufacturing facility will help further innovate solutions under the ‘Make in India’ initiative.
Sandvik is a global industrial group with advanced products in selected areas – tools for metal cutting, equipment for mining and construction, stainless materials, metallic and ceramic resistance materials, etc.