Hansen Transmissions International NV, a Belgium-headquartered gear manufacturer with an office in Verona, Va., will build a factory in India to manufacture gearboxes for wind turbines.
According to the company, the facility will supply gearboxes to wind turbine manufacturers in the Indian and international markets, including Suzlon Energy Ltd. The greenfield project is planned near Coimbatore and is scheduled to be operational by the end of 2008.
"The manufacturing plant of Hansen in Coimbatore will make use of the same production equipment and processes that are conducted in our Belgian plants," says Ivan Brems, Hansen Transmissions' chief executive officer.
The company will invest approximately 170 million euros to develop the factory and support over 600 employees. The factory is scheduled to reach its full production capacity, with an output of 1,500 to 2,000 gearboxes per year, by early 2010, Hansen Transmissions adds.