Atlas Copco announces expansion, unveils new compressors
Atlas Copco will invest Rs 70 crore to double the manufacturing capacity at its new Hyderabad plant. The expansion will be completed by year-end and the plant will be fully operational by March 2017. The project will set up a world-class R&D test centre for the company’s rock drilling products, enabling the company to truly help its Indian customers increase their productivity. Atlas Copco is designing in India to meet the specific needs of its local customers, who represent virtually all aspects of the Indian economy. The expansion at the plant will generate employment for about 35 people. In the coming months, the Hyderabad plant is scheduled to introduce new products such as rotary products for oil and gas application, products for hard metal mining, and an innovative deep hole drilling machine to cater to Indian and African markets.
In a separate development, Atlas Copco president & CEO Ronnie Leten announced the launch of three new locally produced compressors: Electric Portable Compressor, XRHS65 Compressor, and VSD+ ranging from 7 kW to 37 kW. Domestic production of these compressors will lead to quick and reliable delivery, further assisting Atlas Copco’s many customers in India.