PDF
File
Kurs & Likviditet
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Large Cap Stockholm |
| Sektor | Industri |
| Industri | Maskinindustri |
Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and construction industries, today is holding a ground-breaking ceremony in Hyderabad, India, for an expansion of its manufacturing facility for rock drilling tools. Epiroc is also today inaugurating a new innovation and technology center in Hyderabad. The investment is part of Epiroc's growing focus on India as a key hub for manufacturing and research and development to support customers throughout the region.
Epiroc's investment covers expansion of land, new buildings, and state-of-the-art machines.
"India is a key growth market and an important manufacturing and innovation hub for the Epiroc Group," says Helena Hedblom, Epiroc's President and CEO. "It's been great to see the growth in the Hyderabad product company in recent years, and this investment shows our trust in India's future potential."
Epiroc has maintained a strong presence in India for more than 60 years, with manufacturing locations in Hyderabad and Nashik, an innovation and technology center in Bangalore, as well as sales and marketing presence in all major regions of the country, employing around 1 600 people. Epiroc India's head office is based in Pune.
The Hyderabad factory produces rock drilling tools such as rotary bits and down-the-hole products. Epiroc doubled the facility's capacity in 2017, and is now expanding further. The investment will create employment for around 30 additional people. Production in the expanded area is expected to begin around April 2025.
"This investment will create a base for future expansion of our rock drilling tools capacity to support the growing Indian market," says Arunkumar Govindarajan, President Epiroc India. "The investment also supports our `Make in India' initiatives."
`Make in India' is a government initiative that encourages companies to develop and manufacture products in India.
Also today, Epiroc is inaugurating a satellite innovation and technology center in Hyderabad. This center will support the parent center in Bangalore and accelerate the development of new innovations and products to meet customers' needs.
"By opening an innovation and technology center in Hyderabad we are coming closer to the huge talent pool in this key region," says Chandu Rao, General Manager of Epiroc Innovation & Technology Center in India. "This will strengthen our efforts to support customers with the latest innovative products and solutions."
[image] An illustration of what Epiroc's expanded manufacturing facility in Hyderabad, India, will look like.
For more information please contact:
Ola Kinnander, Media Relations Manager
+46 70 347 2455
media@epiroc.com
Chandana Mungre, Branding & Communications Manager at Epiroc India
+91 917 555 8026
chandana.mungre@epiroc.com
Epiroc is a global productivity partner for mining and construction customers, and accelerates the transformation toward a sustainable society. With ground-breaking technology, Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. The company also offers world-class service and other aftermarket support as well as solutions for automation, digitalization and electrification. Epiroc is based in Stockholm, Sweden, had revenues of more than SEK 60 billion in 2023, and has around 19 000 passionate employees supporting and collaborating with customers in around 150 countries. Learn more at www.epirocgroup.com.