Escorts and Altec JV to make mining equipments
It is reported that Faridabad based Escorts Construction Equipment Limited has signed an agreement with US based Altec for establishing a large manufacturing facility at Ballabgarh in Faridabad district of Haryana and its plans to foray into earth moving equipment segment.
While the Ballabgarh plant, its fourth and largest integrated seamless construction facility is expected to commence operations in April 2008. Escorts is also setting up a construction equipment unit in Rudrapur.
Escorts Construction Equipment Limited, which has a total capacity of manufacturing 5,000 equipments per year, hopes to expand to a capacity of 15,000 equipment per year once the two new plants are completed.
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