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Press Release Tuesday, August 12, 2008

Crane manufacturer ElectroMech expands its presence in Southern India

From correspondents in Maharashtra, India, 03:59 PM IST

ElectroMech, the leading crane manufacturer in India, today announced its plans to launch its second facility in Chennai. The plant will accrue an investment of Rs. 10 crore, with a capacity to manufacture 200 cranes per year which can be upgraded to manufacture 500 cranes per year.

With India’s largest crane manufacturing facility at Pirangut (Pune), ElectroMech’s current manufacturing capacity is 2000 cranes annually and will boost up to 2500 cranes with the new state-of-the-art facility in Chennai. This facility will be will be built on an area of around 8000 sq.m with a built up area of around 4000 sq.m and will manufacture various industrial cranes like single girder, double girder, stacker and goliath cranes. The project is scheduled to be completed in February 2009.

Commenting on the new manufacturing facility in Chennai, Mr. Tushar Mehendale, Managing Director, ElectroMech said, “Southern India is known to be a very important hub for manufacturing industry in India. Being in the heavy engineering industry, transportation costs are a major component of the total costs. In order to be closer to our customers and provide a more cost effective solution, we decided that it makes strategic sense to have a manufacturing base in southern India.” He further added,This facility is in line with ElectroMech’s vision of being a “Total Solutions Provider” combining global technology with local application in a cost effective manner and help boost our capacity by almost 10%”.

Currently ElectroMech has a large number of installations in South India and particularly in Chennai. ElectroMech caters to a number of clients in various sectors ranging from automobile ancillary industries, companies engaged in power sector, etc. A few notable installations in this part are Saint Gobain Glass in Sriperumbudur, Hansen in Coimbatore, a whole host of Korean automobile ancillaries situated around Sriperumbudur.

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