Milacron Holdings Corp. has completed the third phase of an expansion project in India.
The company has invested between $18 million and $20 million in the project, which is aimed both at the fast-growing market in India for plastics machinery, and at export markets.
“Our plant is running to full capacity of 1,500 units annually,” and the expansion will take the capacity up to 2,100 machines, said Shirish Divgi, managing director of Ferromatik Milacron India, in a telephone interview from the unit's headquarters in Ahmedabad, India.
The expansion will shorten lead times and add flexibility to manufacture a wider range of machines for domestic and global customers.
“We have received good orders from Latin American markets in Brazil and Mexico … and Germany, Italy and Portugal, besides developing Turkey in the European market,” Divgi said.