Goodrich Gasket to invest Rs 150 cr in Chennai

“The company has strong presence in 32 countries across the globe. It plans to invest around Rs 150 crore for its global operations,” a release said here. The firm’s Chennai office would serve as a global hub for its 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 here. “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,” said Ashwin Rathod, MD, Flosil Group of Companies. 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.

Goodrich Gasket has planned to import advanced machinery and introduce latest technologies to improve the current product lines. “With this, Goodrich Gasket aims to reach Rs 1,000 crore within a decade in the gasket business,” it said.