|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
Bangalore, Jan 23 (IANS) Swiss major Starrag is the first European firm to set up a greenfield machining centre in the new aerospace park near the Bangalore international airport to manufacture high-precision machine tools for milling, turning and boring.
"For the first time in India, we will manufacture a range of high performance WMW horizontal machines with CNC (computer numerical control) and other nine other global brands for diverse industry verticals such as aerospace, transport, industrial, energy, medical and watches and jewellery," Starrag chief executive Frank Brinken told reporters here Wednesday.
The $400-million global firm's other well-known heritage machining brands are SIP, Dorries, Heckert, Drop&Rein, Bumotec, Bertheiz and Scharmann.
The group's wholly-owned Indian subsidiary has invested Rs.60 crore ($111 million) to set up the machining centre to manufacture ferrous parts for aerospace frames, subsystems and components, compressors, earthmovers and construction equipment, gearboxes, hydraulics, machine tools, power generation diesel engines, oil and natural gas, textile machinery, trucks, tractors, turbine blade root and valves.
"The four-axis machining centre will have unique features for high performance milling of ferrous and hard metal using our Heckert high torque gearbox spindle technology and heavy duty tooling for higher productivity," Brinken said.
When fully commissioned in July, the plant will rollout four WMW (world machinery works) horizontal machining centres in 18 months with increasing localisation through local supply chain to reduce cost and achieve greater indigenisation.
"The two phased manufacturing programme with 60-120 units per year will be absorbed by the Indian market, which on revival mode after a slowdown in 2012. We will also ramp up high-skilled workforce to 300 from 60 currently over the next two years," Starrag India managing director A.N. Chandramouli said on the occasion.