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China-based maker of equipment for the construction and mining industry Sany Heavy Industry will invest an additional Rs 300 crore in its Chakan plant, and add port machinery and dumpers for the mining industry to its existing range of products this year.
When it went on stream in April 2010, the company’s greenfield plant at Chakan was its first outside China and the largest one overseas. Sany has invested Rs 600 crore in India so far. It now assembles excavators and crawler cranes at this facility from completely knocked down kits.
“We will invest Rs 300 crore at this facility over the next three years,” said Alex Wu, Managing Director, Sany India. The company also decided to localise the current range of products to the extent of 50 per cent in revenue terms this year he said, adding that one of the localisation initiatives includes using engines from Cummins India.
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