Milacron to invest $30 million to expand India production capacity

Specifications:

Name:

Milacron to invest $30 million to expand India production capacity

Location:

India

Company:

Milacron LLC

Estimated Cost:

$ 30 million

Source:

-

Introduction :

Milacron LLC, the global leader in high precision plastic processing technologies and control systems, has announced to expand its India production capacity with an investment of $30 million. Going by the current growth rate, by 2020 India will be 2nd only to China in the global polymer processing market.

Features :

Milicron plans to invest $20 million in Ferromatik Milacron India's Ahmedabad facility to double its manufacturing capacity of Injection Moulding Machines & Blow Moulding Machines as well as commence the production of Extrusion Line. It will invest another $10 million in Mold Masters (a subsidiary of Milacron LLC), manufacturers of Hot Runners & Controls, for expansion at its Coimbatore facility.

"The expansion at FMI will increase the production capacity from 1500 to 2100 Injection Molding and Blow Molding Machines a year. Mr. Tom Goeke said we are also planning to double the workforce from the current 1,200 employees in various Indian locations to 2,400 in line with the expansion."