Telangana – a €48 million investment
Marking a new phase of accelerated growth for Aliaxis in India, we were delighted to announce plans to build a €48 million greenfield manufacturing plant in the Telangana region of central, south-eastern India.
The state-of the-art factory will use cutting-edge Industry 4.0 systems and technologies to support India’s growing infrastructure needs in water supply and preservation. As such, it will support our Growth with Purpose strategy with its focus on innovation and sustainability.
Our Chief Financial Officer, Koen Sticker, confirmed the investment at the World Economic Forum in Davos where he met with a delegation from the Telangana region.
Some 500 new jobs will be created as a result of this investment. We will also play a role in a major upskilling programme working alongside the Indian Plumbing Skills Council and the Central Government’s Skill India initiative for local plumbers.
The new site, set to go into production in 202x, is just the latest investment to increase our manufacturing capacity in India, following the building and extension of another greenfield plant in Bhiwadi, Rajasthan, northern India.
These and other planned investments mean we are successfully building a national footprint for our Indian business to cement our positions as a market leader across the country.