Goodrich Gasket Pvt Ltd has decided to invest around Rs 150 crore for its global operations. The company, which is a leader in gaskets industry, launched operations in South East Asia and the Middle East recently.
A statement said, “the company has strong presence in 32 countries across the globe. It plans to invest around Rs 150 crore for its global operations.”
Flosil Group, engaged in manufacture of fasteners plans to set up a forging and casting plant at the 10-acre facility of Goodrich Gasket, at suburban Kelambakkam, near Chennai. The firm’s Chennai office would serve as a global hub for its operations.
Ashwin Rathod, MD, Flosil Group of Companies, said, “We take pride to announce these business developments which would be in the global map especially in the Middle East and South East Asian markets.”
The company has initiated the process of establishing the plant to cater to the requirements of Aramco in Saudi Arabia, Petronas, Abu Dhabi National Oil Company.
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