Coimbatore-based Elgi Equipments, which manufactures air compressors and automotive equipment, has earmarked a capex of Rs 30 crore this fiscal, much of it will be utilized in India, for capacity expansion. However, this expenditure is subjected to improvement in market condition.
The company recently has opened its own warehouse with sales and service support in Indonesia, which will help the company in penetrating into the markets further. The company, in total, has 12 international subsidiaries, which collectively contribute to 50% of the company’s revenue.
Elgi Equipments is today, the market leader and Asia's largest manufacturer of air compressors and automobile service station equipment. ELGI's products are used in a wide range of applications in areas ranging from mining, transport, pharmaceuticals, power, oil, railways, chemicals, textiles, printing to ship building, paper, electronics, telecommunications, medical, food & beverages and plastics.
