CMI FPE, one of CMI Industry’s Indian subsidiaries, has decided to relocate / transfer the manufacturing facilities at Silvassa into the company’s Taloja and Hedavali workshops in a phased manner. The board of directors at its meeting held on July 30, 2014, has discussed proposals for optimization and consolidation of manufacturing operations of the company and approved for the same. The above proposal will have no significant adverse bearing on the company’s operations and performance.
The company’s Taloja plant is now fully equipped with improved infrastructure, machines and enhanced capacity to meet changing customers’ needs. The company has also started a fabrication workshop at Hedavali. Besides, the company has offered an alternate option to the staff at Silvassa for relocation to other workshops/establishments of the company, and such option is being accepted.
CMI FPE is the Indian hub of CMI Industry, a supplier of global solutions for Cold Rolling Mill Complexes; it has developed a wide range of technologies in the field of processing lines, rolling mills, thermal and chemical processes.
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