Built to inform

Sign up for the daily newsletters

No, Thank you

Escalator manufacturing unit to come up in Kerala

The factory will have a capacity to produce 2,000 units of elevators and 500 units of escalators per year

2M Holdings, 2M Components, 2M Lifts and escalators, Escalator manufacturing, Kanjikode, Palakkad, Kerala, Kochi, Contract manufacturing, Coimbatore, Kolkata, Ludhiana, Ahmedabad, Pune, TUV SUD, 2M Institute

2M Holdings, the holding company of 2M Components and 2M Lifts and escalators, is setting up its first escalator manufacturing unit at Kanjikode in Palakkad in Kerala. The unit is spread over two acre at a project cost of Rs 14.5 crore.

The factory with a capacity to produce 2,000 units of elevators and 500 units of escalators per year will be operational in six months. The company is a major exporter of lift and escalator parts with units at Kalady near Kochi and in Palakkad.

In addition to these, the company has contract manufacturing agreements with units in Coimbatore, Kolkata, Ludhiana, Ahmedabad and Pune and is one of the leading lift and elevator parts exporters from India. It has tied up the German giant TUV SUD and set up 2M Institute, a lift technology institute in Kalady, close to its manufacturing unit.

Most Popular

Awards

Olympia Group announces to build up 1.1mn sq-ft greenfield it park in Guindy
The project will have a total investment of about Rs 750 crore

Conferences

Vital pre-monsoon building works resume in Maharashtra
The state government has permitted pre-monsoon work by BMC and other agencies

Latest Issue

June 2020
10 Jun 2020