The Hindu : Business : Spanish firm to set up unit

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Saturday, Feb 16, 2008
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Business

Spanish firm to set up unit

Special Correspondent

CHENNAI: JC Middle East FZC, a subsidiary of JC Fabrica de Valvulas s.a. of Spain, is setting up a production facility in India to make industrial valves. JC Fabrica is a well-known maker of quality industrial valves.

The unit will come on a five-acre land at Mahindra City, near here. Construction work on the project is expected to commence in June. The unit is expected to go on stream by the end of 2009.

The proposed factory will make valves ranging from half inch to 48 inches. These are critical valves and imported at the moment.

Faizal Kottikollon, President, JC Valves, said the upcoming facility would provide jobs to 150 high-skilled people. An Indian company, JCF Valves & Controls India Private Ltd., has already been formed to implement the project.

Focus

Mr. Kottikollon said the initial investment in the project would be Rs. 100 crore. In the second phase, an additional Rs.250 crore would be invested to make vacuum-treated valves. The company would focus on catering to the needs of power, oil and gas industries in India, he said.

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