Air conditioning main Blue Star is in the course of action of setting up a new plant with an investment of Rs 130 crore at its current facility at Wada in Maharashtra to expand the manufacturing capacity of its deep freezers and storage water coolers.
The new plant, becoming set up as portion of the company’s choice to strengthen its industrial refrigeration footprint, will cater to the increasing demand for industrial refrigeration items.
The company’s facilities at Wada and Ahmedabad are devoted to manufacturing its wide variety of industrial refrigeration items. Blue Star plans to double its revenues in industrial refrigeration segment in the next 3 years.
With the new plant, Blue Star will be doubling its production capacity for deep freezers. The new plant, becoming constructed on a constructed-up location of about 19,300 sq m,will have a capacity to make about 2 lakh deep freezers and 1 lakh storage water coolers per annum.It is in the sophisticated stages of completion and is most likely to be commissioned towards the finish of this year.
The corporation has been supplying a wide spectrum of industrial refrigeration items and cold chain gear catering to numerous segments such as pharmaceutical and healthcare, agriculture, dairy, ice-cream, processed foods, hotels, restaurants, rapidly meals chains, swift service restaurants, and retail outlets, apart from a number of institutional customers.
B Thiagarajan, MD, Blue Star, stated: “The need for commercial refrigeration in India is increasingly becoming vital across industries be it for pharmaceutical or healthcare, agriculture, hospitality, food processing, or dairy, amongst others. In fact, compared to the developed countries, commercial refrigeration adoption in India is only at a sub-5% level, which translates into huge opportunities for us.”
To additional assistance the pharmaceutical and healthcare sectors, the corporation announced the launch of a new variety of industrial refrigeration items and options which are excellent for storing vaccines. These comprise particularly made, temperature controlled refrigerators and transporters, which are integral for creating a robust ecosystem for vaccine distribution in India.
Blue Star’s industrial refrigeration items and options are sold by means of specialsied channel network, educated to fully grasp consumer requirements, capable of installation and soon after-sales service.
Currently, Blue Star has about 1,500 educated channel partners for industrial refrigeration, spanning across cities in India, with 50% of them present in Tier3, 4, 5 and 6 markets.