Fornnax buys land for new Gujarat facility
Technology

Fornnax buys land for new Gujarat facility

Fornnax Technology announced that they had acquired a 23-acre land parcel in Ahmedabad, Gujarat. The company's officials, speaking at the India Rubber Expo (IRE) held at the Bombay Exhibition Centre in Mumbai from 20-22 March, 2024, informed that the land is designated for an upcoming facility. They envisioned it to become one of the largest sites for manufacturing shredding and tyre recycling machinery.

According to the company's representatives, the new site is expected to become operational by March 2025. Its focus will be on producing high-capacity machinery applicable in tyre, municipal waste, and metal processing. They mentioned that this initiative involves an investment of Rs 1 billion in both land and equipment. It aligns with the company's strategy to expand its presence in both domestic and international markets.

Furthermore, it was revealed during the expo that the company introduced a high-capacity version of SR-200 HD. Fornnax Technology is continuously broadening its range of high-capacity production lines and introduced an improved version of their primary shredder. This upgraded model, primarily designed for tyre shredding, has a single-pass capacity of up to 25 tonnes per hour. It can also handle high volumes of municipal solid waste, wood pallets, as well as industrial and commercial waste.

The company assured that the standard variant of the machinery would remain available alongside the newly introduced high-capacity version. This move is part of their strategy to expand their portfolio and cater to a broader range of customer needs.

Fornnax Technology announced that they had acquired a 23-acre land parcel in Ahmedabad, Gujarat. The company's officials, speaking at the India Rubber Expo (IRE) held at the Bombay Exhibition Centre in Mumbai from 20-22 March, 2024, informed that the land is designated for an upcoming facility. They envisioned it to become one of the largest sites for manufacturing shredding and tyre recycling machinery. According to the company's representatives, the new site is expected to become operational by March 2025. Its focus will be on producing high-capacity machinery applicable in tyre, municipal waste, and metal processing. They mentioned that this initiative involves an investment of Rs 1 billion in both land and equipment. It aligns with the company's strategy to expand its presence in both domestic and international markets. Furthermore, it was revealed during the expo that the company introduced a high-capacity version of SR-200 HD. Fornnax Technology is continuously broadening its range of high-capacity production lines and introduced an improved version of their primary shredder. This upgraded model, primarily designed for tyre shredding, has a single-pass capacity of up to 25 tonnes per hour. It can also handle high volumes of municipal solid waste, wood pallets, as well as industrial and commercial waste. The company assured that the standard variant of the machinery would remain available alongside the newly introduced high-capacity version. This move is part of their strategy to expand their portfolio and cater to a broader range of customer needs.

Next Story
Infrastructure Urban

Consistent reforms will foster growth and reduce investor risk

Incorporated in 1986 as a wholly owned subsidiary of State Bank of India, SBI Capital Markets Ltd (SBICAPS) is a SEBI-registered Category I merchant banker and research analyst. It offers the entire bouquet of investment banking and corporate advisory services under one umbrella, covering project advisory and structured financing, capital markets, mergers and acquisitions, private equity, ESG advisory, startup advisory and stressed assets resolution. Headquartered in Mumbai, SBICAPS has seven regional offices of which six are in India (Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata and New ..

Next Story
Infrastructure Urban

Adani Group Invests $240M in Global Skills Academy

The Adani Group has announced a partnership with ITE Education Services (ITEES) of Singapore to establish a world-class talent pipeline for industries such as Green Energy, Manufacturing, Hi-tech, Project Excellence, and Industrial Design. The initiative will see an investment of over $240 million by the Adani family to set up internationally benchmarked schools of excellence, named Adani Global Skills Academy. These finishing schools will train students from technical and vocational backgrounds, equipping them with industry-relevant certifications. Graduates will have employment opportunities..

Next Story
Infrastructure Urban

Swiggy to Invest $120M in Scootsy for Expansion

Food and grocery delivery giant Swiggy Ltd announced on Friday that it will invest up to $120 million in its wholly owned subsidiary Scootsy Logistics in one or more tranches. Scootsy specializes in supply chain services and distribution, including warehouse management, in-warehouse processing with value-added services, and order fulfillment for wholesalers and retailers. "We wish to inform that the Board of Directors of the company, at its meeting held on Friday, February 21, 2025, has approved the investment by the company in the equity shares of Scootsy Logistics Private Limited, a wholly..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?