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Cummins Turbo Technologies has announced the creation of a new, world-class urbocharger manufacturing facility at Pithampur near Indore. While the new facility is a further indication of Cummins Turbo Technologies strategy of expanding its interests in India, the company acquired the remaining interest in a joint venture partnership in which in had been involved since the mid 1990s. Built with an initial investment of US $ 15 million the facility will include buildings, land and working capital spread over 80.000 square-foot and generating up to 300 new employment opportunities over the next few years. The plant will focus on manufacturing high-horsepower turbochargers, providing turbochargers for both domestic and global markets. Construction is scheduled to begin in January 2008 with production starting in the third Quarter of 2008. Interestingly, the new facility is around 70 km from the Dewas facility and is therefore expected to help Cummins better integrate its activities Speaking on the eve of the ground breaking, GlynPrice, Vice President and General Manager-Asia Business, Cummins, said, "Pithampur will be the most advanced manufacturing facility of Cummins Turbo Technologies anywhere in the world. We are proud of our operations in India. Our facility in Dewas has expanded and is now operating at full capacity. Pithampur will work in tandem with Dewas to enable the company to better meet demand from the domestic as well as global markets."
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| Posted : 2/27/2008 |
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