BWI: Franke Faber India Limited Invests 50 crores in the New State – of - the - Art - Technology Plant in Pune

Press release from Business Wire India
Source: Franke Faber India limited
Thursday, March 10, 2011 06:39 PM IST (01:09 PM GMT)
Editors: General: Consumer interest, Environment; Business: Banking & financial services, Business services, Construction, Heavy industries, Real estate; Technology
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Franke Faber India Limited Invests 50 crores in the New State - of - the - Art - Technology Plant in Pune
Franke Faber India Holds Ground Breaking Ceremony to Begin Construction of the New Plant in Pune

Pune, Maharashtra, India, Thursday, March 10, 2011 -- (Business Wire India) -- Franke Faber India Limited (FFIL), the leading kitchen chimneys and hob manufacturers in India with Swiss and Italian parentage for "Franke" and "Faber" brands respectively, begun construction of their new plant at Sanaswadi near Pune. Mr. Ravi Gupta, Managing Director, Franke Faber India Limited, Mr. Ashok Pawar, MLA, Haveli Taluka and Mr. Ramesh Thorat MLA, Daund Taluka performed a ground breaking ceremony of the new plant on March 8th 2011 in the presence of Members of Gram Panchayat and nearly 100 guests.

The plant occupies a total area of over 17 Acres. The construction of the plant is divided in 3 phases where the first phase of the plant will be completed by December 2011 and first production lot will be rolled out in January 2012. The plant has an annual production capacity of 9 lakh units - 5 lakh hoods, 3 lakh hobs and 1 lakh other appliances. The plant will use futuristically designed state-of-the-art equipment and will be the export hub for Asia and Middle East. With an investment figure of Rs. 50 crores, it is one of the largest investments Franke Faber has made outside Europe.

Speaking on the occasion, Mr. Ravi Gupta, Managing Director, Franke Faber India Limited said. "With this investment in setting up the plant, we will look at creating employment opportunities in the industry and we are positive it will lead to further development of Sanaswadi as an industrial hub. He further stated "Globally Franke Faber has focused on introducing new products based on understanding of customer needs. The outstanding acceptance of all our products is a testimony to the success of that approach. We apply the same approach in India as well to give the best to our discerning customers."

The new plant will meet the global standards of Franke Faber on productivity, throughput, quality, finishes and safety. New Technologies introduced at the plant will be "Sunzi Technology" & "Silk Technology". Sunzi Technology provides electronic controls for better efficiency, aesthetics and makes it user friendly whereas the Silk Technology reduces noise levels of hoods significantly and creates a tranquil environment in the kitchen.

About Franke Faber India Ltd:

Franke Faber India Limited (FFIL) is the leading kitchen chimneys and hob manufacturers in India with Swiss and Italian parentage for "Franke" and "Faber" brands. Franke is a 100 year old brand who celebrates their Centenary this year. The Franke Kitchen Systems Group is the world-leading provider of kitchen systems and produces Kitchen Sinks, Kitchen Faucets, Bio-waste disposers products

Faber is a 57 year old company with presence in 13 countries across 3 continents. Faber products include kitchen chimneys, hobs, and kitchen appliances like oven and cooking range. Faber became a part of the Swiss Franke Group in 2005.

Mr. Ravi Gupta, Managing Director, Franke Faber India Limited performing the ground breaking ceremony of the new plant in the presence of guests and employees

Mr. Ravi Gupta, Managing Director, Franke Faber India Limited performing the ground breaking ceremony of the new plant in the presence of guests and employees
For picture(s)/data to illustrate this release click below:

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Mr. Ravi Gupta, Managing Director, Franke Faber India Limited performing the ground breaking ceremony of the new plant in the presence of guests and employees
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Mr. Ravi Gupta, Managing Director, Franke Faber India Limited performing the ground breaking ceremony of the new plant in the presence of guests and employees


CONTACT DETAILS
Nitesh Mathur, Franke Faber India Limited Communications, +91 954556878, nitesh.mathur@franke.com
Atul Shah, 20:20 MSL, +91 9960255829, atul.shah@2020msl.com
Jithan Purushothaman, 20:20 MSL, +91 9890883204, jithan.purushothaman@2020msl.com

KEYWORDS
CONSUMER, ENVIRONMENT, BANKING, BUSINESS SERVICES, CONSTRUCTION, HEAVY INDUSTRIES, REAL ESTATE, TECHNOLOGY

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