AJAX FIORI announces expansion of Bangalore operations with an Investment outlay of INR 1000 million
Leading concreting equipment solutions provider, Ajax Fiori reiterated its focus on India as a key manufacturing hub by announcing the expansion of its operations at Doddaballapur & Gowribidanur, near Bangalore in Karnataka. The expansion will include a new world class manufacturing facility at Doddaballapur and expansion of its existing manufacturing facility at Gowribidanur. This will be the fourth plant in India and in line with its investment commitment and expansion plan in India.
The new manufacturing facilityis setup in a 10 acre plot with a built-up area of 150000 sq. ft. Thisplantis a dedicated facility for manufacturing Self-loading Concrete Mixers, for which Ajax Fiori is the Global Leader. It will serve the expanding domestic market, and also cater to export demands of countries in Middle East, South Asia and Africa. This facility willalso house the “Ajax Fiori School of Concrete” – an in-houseTraining Centre focused on training of operators, technicians, supervisors and engineers on Concreting techniques and optimum usage of machineries, thereby enhancing skill development. The initial capacity of the plant is 6000 units per annum and will be scaled up to 9000 units per annum eventually. The construction of the plant is nearing completion and the facility will be fully operational by second quarter of 2018.
The existing manufacturing facility at Gowribidanur is also being expanded by another 150000 sq. ft. area for manufacturing Transit Mixers of capacity from 6 cum to 10 cum. The total area for this facility is 20 acres. This facility will now have the capacity to roll out 300 batching plants and 1000 transit mixers per annum, that can be rapidly scaled up to 1000nos. and 3000 nos. respectively. The expansion work is already in progress and will be fully operational by end of 2018.
Ajax Fiori is among the top two manufacturer of concreting equipmentand had a consistent growth of 40% in the last few years. The Bangalore plant currently employees 375 people and with this new facility it is expected to generate additional employment of 250 in the future.
Speaking at the occasion, Mr Jagdish Bhat, CEO, AJAX Fiori stated, “Over the last 25 years, Ajax Fiori has brought innovative and cost effective solutions to the construction industry. We see exceptional opportunitiesas the economy strengthens in the near to midterm and infrastructure environment continues to evolve for construction equipment manufacturer like Ajax Fiori. Apart from our product range expansion, we have increased our distribution network and have over 80 touch points pan India. This new facility will help us add capacity and enhance our product portfolio to serve our customer needs in future. This new facility not only supports our commitment to India’s economy but it also presents a significant opportunity for our strong growth in India. Having foreseen the product’s suitability across various applications and the increased demand across geographies, Ajax Fiori has ambitions to create a significant presence beyond Indian shores in the coming years.”
In addition to the expansion, Ajax Fiori also announced plans to adopt a Government primary school close to their existing facility in Doddaballapur. In addition Ajax Fiori is also creating Infrastructure in 2 more schools in Doddaballapur with a total spend outlay of 5 Cr, INR in the next 2 years. This initiative aligns with Ajax Fiori’s commitment towards being a responsible corporate, caring for the adjoining communities.