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Sandvik to build new plant in Pune

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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.

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