Linnhoff India Pvt Ltd., a joint venture between IPS Lintec, Germany and S&T Group on Friday performed the ground breaking ceremony of its new factory in Khed City, here.
Khed City is one of India's largest integrated development projects being implemented by Khed Economic Infrastructure Pvt. Ltd. (KEIPL), a Joint Venture of the Kalyani group and MIDC, near Chakan in Pune.
Linnhoff India will set up a state of the art modern plant for the manufacture of hot mix batch plant & concrete batch mix plants.
The company is setting up this new facility in at an investment of Rs 50 crores in order to meet the growing need of construction equipment in India's rapidly growing infrastructure sector and is expected to commence production in October 2013.
"The company sees vast potential for its range of products and has found Pune, particularly the Chakan-Khed belt as most suited for its new facility," informed officials.
The company foresees good export potential for its products in neighbouring countries as well.