Sandvik Asia is planning to set up a new multi-nodal facility in Chakan, and a research and development (R&D) centre in Pune, Maharashtra.
The company has acquired 50 acre in Chakan for constructing a new multi-nodal facility and a blueprint for the site is being formalised.
The proposed R&D centre will complement and support the existing R&D units locally and globally, focusing on material and process engineering for its present and future business. The project is expected to commence operations in the next two years.
Apart from this, Sandvik is looking forward to investing in a phased manner for its five business streams and all are already represented in India.
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