Thursday, March 10, 2011

Franke Faber plans greenfield plant

Franke Faber India Ltd (FFIL), a wholly owned subsidiary of Franke Artemis group of Switzerland, is setting up a greenfield unit at Sanaswadi near Pune, Maharashtra to manufacture kitchen chimneys and hobs. The unit, with an installed capacity to manufacture 5 lakh hoods, 3 lakh hobs & one lakh other appliances, will be set up with an investment Rs 50 crore over a three year period. The first phase of the factory will be completed by December 2011 and production is expected to commence in January 2012. The factory will use latest technology and will be an export hub for Asia and Middle East countries.

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