Circor Flow Technologies India Private Limited, a wholly-owned subsidiary of Circor International, has opened a manufacturing facility in Coimbatore with an investment of Rs.23 crore.
Wayne Robbins, Chief Executive Officer of Circor International, and Sriram Natarajan, Country Manager of Circor India, told presspersons here on Wednesday that the company started operations in India in 2009. In June 2010, it acquired the valve business of Mazda in Ahmedabad. The facility was closed in December last year.
In Coimbatore, the company had set up a 60,000 sq. ft. facility, and had space for expansion. It would produce valves mainly for the power and oil and gas sectors. About 40 per cent of the company’s production in India in 2012 was exported, and this year it was expected to be 60 per cent.
To expand the portfolio of products
The company proposed to expand the portfolio of products made in Coimbatore by including more varieties of valves. “We see growth in India in manufacturing, the market, and exports and also the services we provide,” Mr. Natarajan added. The company provided employment to nearly 150 engineers here and had fabrication, machining, assembly and testing facilities here.
Circor had manufacturing facilities in North America, Europe, Brazil and China and now in India.