Metso to increase its foundry capacity in India
Metso is investing in the development of its foundry capacity in Vadodara/India. The initial investment includes the acquisition of the property and foundry assets of a privately-owned foundry project, Mega Cast. Metso expects to invest a total of approx. 25 million € to purchase the assets and to develop the foundry by 2020. With this investment Metso is responding to the global market demand by increasing production capabilities in cast wear parts for the aggregates and mining industries.
“This investment expands our global manufacturing footprint allowing us to meet our customers’ growing needs both in terms of availability as well as reduced lead times,” says Sami Takaluoma, President, Minerals Consumables business area at Metso. The first product deliveries from the Vadodara foundry are expected by the end of 2019 and the production will ramp up quickly in 2020. The new foundry will be built to follow Metso’s sustainability and quality principles.
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