Blue Star to set up a fifth plant at Wada in Thane
Our Corporate Bureau
14 February 2007
Blue Star will commence partial production at the plant from December 2007 although phase I of the factory is planned for completion in March 2008.
The company has been growing at over 25 per cent for several years, resulting in substantial demand for its manufactured products. To cope with this growth, the three older plants at Thane, Bharuch and Dadra have been steadily expanded and modernised and a fourth factory built in 2005-06 in Himachal Pradesh.
The economic boom in the country and a positive business outlook for the company has now created a need for a fifth manufacturing facility.
"A task force comprising senior managers evaluated several locations in the country for our fifth factory. Wada was chosen for its centralised location as well as its proximity to the Mumbai port. To cope with the huge demand for our manufactured products, we plan to invest about Rs 35 crore in FY 2007-08 on Phase I of this plant. In the meanwhile, we will continue to upgrade our existing facilities," said Satish Jamdar, executive director of the company.
Blue Star is India's largest central air-conditioning company with an annual turnover of Rs 1,178 crore, a network of 23 offices, four modern manufacturing facilities and around 2,000 employees. It caters to the air-conditioning needs of a large number of corporate and commercial customers and has also established leadership in the field of commercial refrigeration equipment ranging from water coolers to cold storages.
Blue Star's other businesses include marketing and maintenance of hi-tech professional electronic and industrial products such as testing machines, data communication equipment, medical and analytical instruments and special control valves.