Swedish industrial company Atlas Copco invested MSEK $110 million, or about $12.2 million USD, to double capacity at its Hyderabad, India manufacturing plant, the Stockholm-based company announced Wednesday.
About 35 jobs will be added to the plant’s current payroll of 200 workers, according to the company. The facility produces consumables for surface mining uses.
“The expanded factory will strengthen our delivery process, enhancing productivity for our customers globally,” Helena Hedlblom, president of Atlas Copco’s Mining and Rock Excavation Technique business said in a statement. “It will also ensure development of competitive products at a faster pace.”
Atlas Copco included a R&D test center for rock drilling products in the site’s expansion, which allows the company to help its customers increase competitiveness.
The company’s Mining and Rock Excavation Technique unit operates manufacturing facilities in Sweden, the United States, Canada, China, and India.