Copeland to invest Rs 500 crore to expand India manufacturing facility and R&D
Copeland, a global player in sustainable climate solutions, will invest Rs 500 crore (US$60 million) in India to expand its manufacturing facility in Atit, Maharashtra, and to construct a new global R&D center in Pune, the company said on Friday.
The manufacturing, engineering, and R&D investments in India will expand existing engineering capabilities, increase the production capacity of Copeland's compression solutions, and advance the innovation of sustainable heating, cooling, refrigeration, and industrial solutions.
«India is an important growth market for Copeland, and this expansion reaffirms our commitment to both the Indian market and innovation,» said Ross B. Shuster, chief executive officer, of Copeland. «These planned investments will enable us to increase production capacity and reduce lead times for our customers in the region while supporting India's energy and environmental goals.»
These expanded India facilities will provide for the addition of an advanced scroll compressor line catering to both the domestic and Copeland’s key international markets in the region.
«The addition of Copeland's award-winning scroll compressors to the manufacturing lineup in India will advance cooling and refrigeration technology deployments for its customers based in the country,» the company said adding that its expanded R&D investments will play a major role in helping pave a more sustainable and innovative future, as Copeland supports three global megatrends: energy transition through electrification of heating
