Brakes India to expand capacity of foundry in Oman
It is reported that Brakes India has plans to invest USD 16 million to expand the production capacity to 36,000 tonnes per annum of its foundry facility in Oman.
Brakes India said that the funding will be a mix of debt and internal accruals. The plant which has started commercial production this April is already working at 70% capacity.
The INR 6 billion foundry division which has an 80,000 tonnes per annum facility at Sholinghur near Chennai has ventured to Oman to reach its high value products common rail direct injection pumps and turbo charger castings faster and cheaper to customers like TRW, Volvo, Akebono, Robert Bosch and others.
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