CapEx News
Project News,Updates,Bids & Tenders for Consultants,EPC Contactors,Industrial Suppliers & Service Providers
Copeland to invest Rs 500 crore in India to up manufacturing capacity and boost climate innovation
Manufacturing - Sep 20,2024 -Copeland, a leader in sustainable climate solutions, has announced a ₹500 crore (US$60 million) investment in India to enhance its manufacturing facility in Atit, Maharashtra, and to establish a new global R&D center in Pune. This investment aims to expand engineering capabilities, boost production of Copeland's compression solutions, and foster innovation in sustainable heating, cooling, refrigeration, and industrial applications.
The expansion will introduce an advanced scroll compressor line designed to serve both the domestic market and key international markets in the region. Over the next five years, Copeland will increase its existing Pune facility by 7,350 square meters and add a 15,000 square meter R&D center focused on developing climate solutions for customers.
"India is a critical growth market for us, and this expansion highlights our commitment to the region and innovation," stated Ross B. Shuster, CEO of Copeland. "These investments will enhance our production capacity and shorten lead times for our customers while supporting India's energy and environmental objectives."
The introduction of Copeland's award-winning scroll compressors in India will improve cooling and refrigeration technologies for local clients. The company's expanded R&D initiatives will contribute to a more sustainable future, aligning with global trends such as the transition to electrification, the use of low-GWP and natural refrigerants, and the enhancement of cold chain efficiency for perishable goods and medical products.
Company : CopelandRecent News
◉ PWD, Maharashtra floats tender for construction of 400-bed hospital in Wardha - Mar 20,2025◉ Centre approves expressway connecting JNPA with Navi Mumbai airport - Mar 20,2025
◉ Banganga Paper Industries signs PPA with Livint Green - Mar 20,2025
◉ Government to invest Rs 3 lakh crore to build highways in Assam: Nitin Gadkari - Mar 20,2025
◉ Prologis plans USD 500 million investment in India - Mar 20,2025
◉ Bhumi Puja held for jetty construction in Dombivli, Maharashtra - Mar 20,2025
◉ Cabinet approves Rs 10,601-crore Namrup IV fertilizer plant in Assam - Mar 20,2025