Spanish Valve Co eyes Rs 180 cr biz with Kovai factory

The facility was inaugurated by Lalitha Devaraj, the Managing Director. The company, which is more than 50-years-old started production in India at a rented facility about seven years ago.

The new plant established on an area of 15,000 square meters has room for valve assembly, testing, painting and packing facilities. It is aimed at meeting the growing requirements of foundries in the Coimbatore region. 

Company sources said the own facility would aid the Indian market in procuring products of the same quality at a lesser cost and cut down on delivery time. With this move of shifting to their own premises, Ampo aims at generating business to the tune of Rs 180-Rs 200 crore this fiscal.