P&H Joy to invest $25mn in Bengal mining equipment unit

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SME Times News Bureau | 12 Jan, 2012
P&H Joy Mining Equipment India (P&H Joy), a fully-owned subsidiary of US-based Joy Global Inc, has decided to set up a manufacturing and servicing facility for high-end mining equipment in West Bengal's Burdwan district, pumping in $25 million in the first phase.

The company is aiming to commission the first phase of the project by 2013. It has acquired 25 acres of land for setting up the facility inside an industrial park being developed by the Bengal Aerotropolis Projects Limited (BAPL) in the Asansol-Durgapur industrial area.

"We have set a target date of commissioning the first phase of our project by 2013. Initially, we will set up a fabrication unit for mechanical structures. To start with, we will manufacture the smallest machines in our catalogue," P&H Joy director Anirudhha Gupta told reporters at "Bengal Leads 2012", a business summit organised by the West Bengal government here Wednesday.

Joy Global Inc., a $5.5 billion mining company, is a world leader in surface and underground mining equipment. The upcoming facility is expected to cater to the company's diversified customer base in the eastern region of the country.