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Corporate News
30-Jan-20
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Voltas Beko opens its first manufacturing facility in Sanand, Gujarat
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Voltbek Home Appliances, a joint venture between Voltas and Arcelik, announced the opening of its first manufacturing facility in India. Spread over 60 acres in Sanand, an industrial hub near Ahmedabad, Gujarat, the factory will manufacture Home Appliances that include refrigerators and washing machines. Backed by an investment of $180 million (Rs 1000+ crore), Voltbek's Sanand factory is one of the first white goods appliances unit in the State of Gujarat that will create an OEM base for home appliances in the region, along with local employment opportunities.
This state-of-the-art manufacturing facility will leverage Arçelik's global expertise in manufacturing and product development and Voltas's strong brand presence, and country wide sales and distribution network. With this new facility the brand aims to increase its product portfolio and develop new innovative products specifically designed for Indian
consumers. Voltas Beko will also produce Direct Cool Refrigerators which are ~ 80% of the refrigerator market by volume, and the facility will reach its annual production capacity of 2.5 million units by 2025. The factory will primarily cater to the needs of the Indian market, leveraging Voltas' brand and distribution strength. However going forward, we might also
explore export opportunities.
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