A JV between Mitsubishi Heavy Industries Japan and VST Tillers Tractors established in July 2007, Mitsubishi Heavy Industries-VST Diesel Engines (MVDE) manufactures Mitsubishi diesel engines in Mysuru and caters to the markets across the globe.
Ajashy Engineering manufactures quality offshore and onshore cross country pipeline equipment, special attachments for construction equipment, diesel bowsers, lighting masts and mobile service vans in India
KION opens India’s largest material handling equipment facility in Pune.
Manufactures such as Chettinad, Ramco and India Cements are readying plans to expand capacities or set up new factories as the demand for cement is reportedly recovering in southern India.
A fast-growing Indian tile company, Cera Sanitaryware manufactures, markets and distributes sanitaryware and faucet ware, and trades in tiles and other bathroom products.
According to the rating agency ICRA, an uptick in demand in north India followed by strong pricing discipline, resulted in a rebound in cement prices to Rs 305 to Rs 345 per cent bag in the first-half of 2016-17 from Rs 225 to Rs 240 a bag in January 2016.
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