SPX FLOW opens new facility in India
Published by Anna Nicklin,
Assistant Editor
Hydrocarbon Engineering,
SPX FLOW has opened a new facility in Bengaluru, India, to expand its IT and Engineering services. It has also opened a state-of-the-art factory in Ahmedabad, as part of India’s investment and expansion programme. The company’s global leadership team has been on a three-city tour for this growth programme.
SPX FLOW has a significant global presence in pumps, valves, mixers, dehydration, hydraulic tools and heat exchangers. In India, the company currently has a workforce strength of 550 people. However, as part of the growth and expansion, it is looking at hiring 200 people by 2020, including key leadership talent in India.
Some of the company’s clients in India include Danone, Amul, Bamul, ONGC, Reliance, NTPC, among others. Its Engineering and IT centre in Bangalore already caters to global operations across various sites. India has a balanced representation of both businesses and functions. There is a need for quite a bit of push to grow order book and also expand IT and Engineering.
Looking at a headcount growth of 25% by 2020, SPX FLOW is poised to grow 20% year-on-year in terms of revenue in India. The company is set to grow both organically and inorganically moving forward, and India will be a key fixture in this roadmap.
In India, the potential for growth and untapped business is much higher than other matured markets. At present, commercial business is approximately US$50 million in the country. As part of the CAPEX investment and contributing to the government’s ‘Make in India’ initiative, manufacturing operations have expanded with the addition of the fourth state-of-the-art facility in Ahmedabad.
Announcing this, Marc Michael, Global CEO & President, SPX FLOW, said that expansion of capabilities in India is an important part of the company’s growth strategy. “Over the past year, we have made significant investments to build our team and expand our operations in India with emphasis on improving our ability to serve customers in the local market and to support certain areas of our global business activities.”
Read the article online at: https://www.hydrocarbonengineering.com/special-reports/24042018/spx-flow-opens-new-facility-in-india/
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