9MAY 2024GLOBAL SEAMLESS TUBES TO OPEN ITS FIRST INTERNATIONAL FACILITY IN USAGE AEROSPACE TO INVEST RS.240 CRORES TO UPGRADE ITS PUNE FACILITYAn India-based pipe manufacturing company has announced that it will invest USD 35 million to establish its first US production facility in northwest Louisiana and expects to create hundreds of jobs in the region. Howrah-based Global Seamless Tubes & Pipes exports its products to industry customers in more than 10 countries worldwide.Its Louisiana facility will have advanced machinery that integrates both hot-finishing and cold-drawn manufacturing processes in the same unit, positioning the company to meet growing demand better and build a domestic supply chain for North American customers in engineering, oil and gas and power generation sectors, according to a press statement.The company expects to create 135 direct new jobs in DeSoto Parish.Louisiana Economic Development (LED) estimates the project will result in 251 indirect new jobs, for a total of 386 potential new jobs in the Northwest Region."As a natural gas hub and a key player in the international energy supply chain, Louisiana is a natural choice for our second production facility, our first in the Western Hemisphere," Global Seamless President A.R. Biswas said."Global Seamless is dedicated to providing our customers with high-quality services and products, and this new plant will allow us to better serve those customers with a local supply chain."Global Seamless Tubes & Pipes is a leading manufacturer and exporter of carbon, alloy and stainless steel cold-drawn and hot-finish seamless tubes and pipes."LED is dedicated to bringing jobs and economic opportunities to each and every corner of our state," LED Secretary Susan B. Bourgeois said. GE Aerospace has announced its plan to invest over 240 crore (approximately $ 30 million) to upgrade its manufacturing facility in Pune, India. The investment aims to enhance the facility's capabilities by introducing new projects, manufacturing processes, and capacity enhancements.The Pune facility, inaugurated in 2015, specializes in producing components for commercial jet engines. With this investment, the facility will acquire new machines, equipment, and specialized tools and expand its capacity to meet growing customer demands.Amol Nagar, Managing Director for GE Aerospace's Pune facility, stated, "This investment helps us to continue our growth in aerospace in India, giving us the resources we need to meet increasing customers' demand."The components manufactured at the Pune plant are supplied to GE's global factories for the assembly of G90, GEnx, GE 9X commercial jet engines, and LEAP engines by CFM, a joint venture between GE and Safran.Additionally, the facility has played a significant role in developing local aerospace manufacturing talent by training over 5,000 people since its inception in specialized aerospace precision manufacturing processes.
<
Page 8 |
Page 10 >