Copeland, a global leader in sustainable climate solutions from the United States, is investing Rs.500 crore (US$60 million) in India to expand its manufacturing facility in Atit, and for the construction of a new global R&D centre in Pune, both of which are in Maharashtra.
The manufacturing, engineering and R&D investments in India will expand existing engineering capabilities, increase production capacity of Copeland’s compression solutions and advance the innovation of sustainable heating, cooling, refrigeration and industrial solutions.
Underscoring Copeland’s commitment to India, these expanded India facilities will provide for the addition of an advanced scroll compressor line catering to both the domestic and Copeland’s key international markets in the region.
The investments will expand Copeland’s existing Pune manufacturing facility by an additional 7,350 square meters over the next five years and the addition of a 15,000 square meter R&D centre focused on advancing Copeland’s climate solutions for its customers.
“India is an important growth market for Copeland, and this expansion reaffirms our commitment to both the India market and innovation,” said Ross B. Shuster, chief executive officer, Copeland.
“These planned investments will enable us to increase production capacity and reduce lead times for our customers in the region while supporting India’s energy and environmental goals,” Shuster said on 19 Sept.
The addition of Copeland’s award-winning scroll compressors to the manufacturing line up in India will advance cooling and refrigeration technology deployments for its customers based in the country. The company’s expanded R&D investments in India will play a major role in helping pave a more sustainable and innovative future, as Copeland supports three global megatrends: energy transition through electrification of heating demand, adoption of low-GWP and natural refrigerants, and in safeguarding perishable food and medical products through an efficient and sustainable cold chain.
“Copeland is committed to serving our customers in India and the region by helping them address the demand for sustainable solutions and world-class quality,” said Sandeep Gupta, vice president & managing director, Copeland India.
“These investments will establish India as a leading scroll compressor manufacturing and innovation hub. We are investing in India’s economic and sustainable future by supporting the India Prime Minister’s vision of ‘Make in India’ and its aspiration to be a world-class manufacturing hub.”
Copeland has over 18,000 employees, with feet on the ground in 50 countries – a global presence that makes it possible to serve customers wherever they are in the world and meet challenges with scale and speed. Fiinews.com
