Ajax Engineering Ltd., (Ajax) a producer of concreting gear, is setting up a new unit in Karnataka to make concrete slip-form pavers, , mentioned MD and CEO Jagadish Bhat.
“We are in the process of setting up a new unit at Doddaballapur by investing up to ₹100 crore to make concrete slip-form paver,” mentioned Mr. Bhat. “It is one of the highly sophisticated equipment in construction segment. It is the newest addition to our product portfolio and it was successfully field tested at various customer sites,” he added.
Stating that in the latest previous, 80-100 pavers had been imported both from Germany or the U.S. by different firms, he mentioned Ajax was the market chief in this product section and the one producer in the nation. Ajax additionally plans to export these machines.
According to him, the development of the new plant will start in the following three to 4 months, funded by inside accruals.
As a part of its proposed plan, Ajax lately acquired 20 acres at Doddaballapur, the place it’ll design and construct concrete slip-form pavers, increase pumps and self-propelled increase pumps.
The facility could have an annual manufacturing capability of over 100 items for increase pumps and 50 for concrete slip-form pavers respectively.
Stating that volumes had been selecting up , he mentioned that they might finish FY21 with a turnover of ₹800 crore.