ESAB India is planning to expand their production for electrodes. They’re going to add a new production line to make more of them. This is because they need to meet the growing demand for electrodes in India and around the world.
Here are some details:
- Right now, they are 26,600 metric tonnes of electrodes each year which is using about 83% of their current capacity.
- Company wants to add another 6,000 metric tonnes of capacity which they plan to do this starting from April 1, 2024.
- Costs will be around around INR 15.7 crores, and they’ll use their own money to pay for it. Goal is to grow their sales grow.
Additionally, they’ve built a new research and development (R&D) building in Chennai, which cost around Rs. 30 crores, and it’s now a state-of-the-art facility.
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