Corporate News     30-Jan-20
Voltas Beko opens its first manufacturing facility in Sanand, Gujarat
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.

Previous News
  Crompton Greaves Consumer Electricals Ltd Falls 3.89%
 ( Hot Pursuit - 26-Sep-24   09:30 )
  Voltas hits record high, spurts 12% in six days
 ( Hot Pursuit - 26-Aug-24   15:14 )
  Voltas
 ( Results - Analysis 17-Aug-24   11:43 )
  Voltas appoints directors
 ( Corporate News - 14-Aug-24   14:10 )
  Volumes jump at Voltas Ltd counter
 ( Hot Pursuit - 12-Aug-24   14:30 )
  Nifty crosses 24,400 level; Realty shares rally for 2nd day
 ( Market Commentary - Mid-Session 12-Aug-24   11:34 )
  Voltas hits life high on reporting strong Q1 results
 ( Hot Pursuit - 12-Aug-24   10:30 )
  Voltas consolidated net profit rises 158.51% in the June 2024 quarter
 ( Results - Announcements 12-Aug-24   09:22 )
  Voltas revises board meeting date
 ( Corporate News - 10-Aug-24   10:03 )
  Voltas announces board meeting date
 ( Corporate News - 01-Aug-24   13:38 )
  Volumes soar at Voltas Ltd counter
 ( Hot Pursuit - 29-Jul-24   11:00 )
Other Stories
  Aurobindo Pharma's step down subsidiary to divest its entire stake in JV 'Novagen'
  05-Oct-24   10:21
  Aurobindo Pharma's step down subsidiary to divest its entire stake in a South African JV
  05-Oct-24   10:19
  Just Dial announces board meeting date
  05-Oct-24   10:11
  L&T Finance schedules board meeting
  05-Oct-24   10:11
  Australian Premium Solar (India) announces board meeting date
  05-Oct-24   10:11
  Reliance Industrial InfraStructure declare Quarterly Result
  05-Oct-24   10:11
  PVV Infra to convene board meeting
  05-Oct-24   10:06
  Avenue Supermarts declare Quarterly Result
  05-Oct-24   10:06
  Fortis Healthcare to hold board meeting
  05-Oct-24   10:06
  Syngene International to convene board meeting
  05-Oct-24   10:06
Back Top