Page 8 - CV April-May 2019 issue

METSO CORPORATION and flow of natural resources in the mining, infrastructure and logistics, changing
PLANS TO SET UP aggregates, recycling and process business rules, among others making it a
ENGINEERING HUBS IN industries. favourable place to do business.
"We are growing at a high rate in India
INDIA
across the business verticles that we are Recently, the company acquired RMEBS
present in. We began valve business, a part of the privately owned
our operations in India Rotex Group and plans to develop it to meet
through exports and the international demand, Vauramo said.
now we have been "Our exports account for about 20 percent of
invested in the country Metso India sales, which has witnessed a
to set up rise of around 50 percent in the last 4 years.
manufacturing facilities We export to around 60 countries. We now
to cater to the local as plan to internationalise the newly acquired
well as international valve facility as well as create engineering
demand," company's hubs in India to cater to the global demand,"
Metso has invested more than Rs 800
president and CEO Pekka Vauramo said. he said.
crore in India so far and in 2018 alone, it The company is also setting up a new
invested around Rs 560 crore to 20,000 tonne capacity foundry in Vadodara
Metso has invested more than Rs 800 crore
strengthen its operations in the country. and increasing the mineral equipment
in India so far and in 2018 alone, it invested
around Rs 560 crore to strengthen its capacity of the Metso Park in Alwar, by 35
Equipment manufacturer Metso Corporation operations in the country. percent.
is planning to set up engineering hubs in
India and internationalise manufacturing He further said the company is expanding In 2018, Metso in India received orders
facilities here to cater to global demand. the capacities in India mainly encouraged by worth Rs 2,385 crore which is nearly 8.4
The Finland-based firm, which is in India the kind of developments happening in the percent of total Metso orders bagged, as
since the past 25 years, offers equipment country in terms of taxation, augmentation of against Rs 1,333 crore orders won in 2017.
and services for the sustainable processing
coater and glass solutions line and a rain- Compagnie de Saint-Gobain, France, who
FRENCH GLASSMAKER harvesting facility . The investment takes the was in Chennai on Monday for the plant
SAINT-GOBAIN UNVEILS total money pumped into its World Glass inauguration.
Complex in the facility up to Rs 3000 crore,
INVESTMENTS AT CHENNAI
according to a press release from the “We strongly believe in India's future and
FACILITY
company today. have consistently invested ahead of time in
Capacity, Capability, Technology and
The facilities unveiled on Monday Innovation. The World Glass Complex at
were to meet demand from both Sriperumbudur, Saint-Gobain's largest
domestic and international markets. investment in a single location worldwide is
"Since our entry into India in 1996, set to welcome the largest and most
we have invested about Rs.7500 advanced glass manufacturing plant in India
crores. Today, we have built a pan- along with advanced magnetron coater and
India manufacturing presence and glass solutions line. This new expansion will
have developed strong market accelerate Saint-Gobain's momentum in
positions in all our businesses. About realizing the Vision of being the Clear Choice
95 % of our local sales are of for Glass Solutions in India and the adjoining
Saint-Gobain's global revenues crossed products manufactured at our plants in India.” region.” Said B Santhanam, Managing
Euro 40.8 billion in 2017. It is present in in said Mr. Anand Y Mahajan, Chairman, Saint- Director for Saint-Gobain India.
67 countries, runs 945 production sites, Gobain India Private Limited.
and employs over 179,000 employees. Saint-Gobain's global revenues crossed Euro
"The Brand recall of Saint-Gobain in India is 40.8 billion in 2017. It is present in in 67
The Indian subsidiary of French glassmaker as good as that in France. Indeed, we are as countries, runs 945 production sites, and
Saint-Gobain announced investments of Rs much an Indian Company as we are French.” employs over 179,000 employees. Its thriving
1,200 crore at its Chennai plant towards said Pierre-André de CHALENDAR, intellectual property creation department files
building a third glass float, a magnetron Chairman and Chief Executive Officer, around 400 new patents every year.

6 / CONSTRUCTION VISION / May June 2019