Sany Heavy Industry, China based equipment maker for the construction and mining industry is planning to pump in funds its Chakan plant in Maharashtra.

Sany Heavy Industry will invest Rs 300 crore to ramp up its production at its plant at Chakan, near Pune. The funds will be utilised in setting up new automated assembly lines for excavators and research and development centre to increase company’s product portfolio for the Indian and overseas markets. The company also decided to localise the current range of products to the extent of 50 per cent in terms of revenue. As a part of localisation initiatives, Sany Heavy Industry will be using engines from Cummins India. At present, the facility has the capacity to locally assemble 1,000 excavators and 100 cranes annually while motor graders, piling rigs, port machinery and asphalt pavers were imported from China. Meanwhile it is setting up vendors’ network to source materials locally and when the volume will reach 5,000 units annually, the prices will be reduced 10-12 per cent. The company will also add 25 new dealerships across India for excavators to take the tally to 50 in 2013 to provide stock, sales, service and spares supports to its clients.

Currently, the greenfield plant at Chakan is spread over 80 acre which was commissioned in 2010. Up till now Sany Heavy Industry has invested Rs 600 crore in the facility which assembles a range of excavators and crawler cranes completely from knocked down kits.