rittal
Rittal India to invest over $5 million
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Rittal India to invest over $5 million
Posted online: Sunday , November 21, 2004 at 0000 hrs IST
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Bangalore, Nov 20 (PTI) Rittal India Pvt. Ltd will invest over $5 million (Rs 25 crore) to augment its paint production capacity to cater to the increased demand expected from the Indian market.
The company is a wholly-owned subsidiary of Rittal GmbH and Co. Kg, Germany and the flagship organisation of the Friedhelm Loh group of Companies.
In the first phase, currently underway, an investment of approximately $1 mn (Rs 5 crore) has been earmarked for expansion in the paint plant, addition of a ‘nine-fold profile roll forming line’ and new machines. The first phase expansion is expected to be completed by January 2005.
This will yield an increase in capacity of over 30 per cent and improve the flexibility of the Indian subsidiary, a company release said.
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