Agri equipment firm Limken to expand

The company is looking at doubling capacity in the next three years with an investment of around Rs 50 cr

Limken India Agro Equipment Pvt Ltd, Indian subsidiary of German agro-equipment manufacturer, Lemken GmbH & Co KG, is looking at doubling its capacity in the next three years with an investment of around Rs 50 crore.

The company has invested Rs 70 crore in its manufacturing facility at Nagpur, which began operations in January, 2013. This is the first manufacturing facility outside Europe for the company.

"In the Phase-II expansion, the company plans to add 8,000 sqm of plant area in the next two to three years," said Arvind Kumar, MD&CEO, Lemken India Agro Equipment Pvt Ltd.

The company expects its capacity utilisation to reach an optimum 3,000 units of ploughs in the next two years post the expansion. Total dealers would be increased from current 20 to 40 in the current fiscal year.

In terms of sales, it sold around 450 ploughs last year, and aims to sell 1,000 ploughs this fiscal year.