At the occasion of the World Economic Forum in Davos (Switzerland), Koen Sticker, our CFO, was invited by the Telangana delegation to confirm and promote Aliaxis’ investment of 400 Cr INR ( ~ 48 Million Euro) for a greenfield manufacturing plant in the Telangana region.
The planned state-of-the-art facility will use cutting-edge Industry 4.0 technologies to support India’s growing infrastructure needs in water supply and preservation.
500 new jobs will be created as a direct result of this investment. Aliaxis will also take part in an upskilling effort with the Indian Plumbing Skills Council (IPSC) and the Skill India initiative by the Central Indian Government for local plumbers.
This investment marks a new phase of accelerated growth for Aliaxis in India!