Hansen Transmissions International N.V. (LSE ticker ‘HSN’), an established global gearbox designer, manufacturer and supplier with a leading position in the wind turbine gearbox market, announced that its Indian-based subsidiary Hansen Drives Ltd., has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu. This MoU outlines the establishment of a manufacturing facility for wind turbine gearboxes at Karumathampatty, near Coimbatore, involving an investment of Rs 1500 Crores (270 million Euros) over a period of 5 years.
Hansen’s 61 acre facility is being developed at the Hi Tech Engineering Special Economic Zone, Coimbatore, promoted by Suzlon Infrastructure Limited, part of the Suzlon Group. The plant, which is expected to provide employment for more than 800 people by the end of 2010, envisages manufacturing gearboxes for 1.5 to 3.0 MW wind turbines. Hansen plans to reach full production capacity in the financial year 2012. The total installed capacity will be 2500 gear units per annum (1.5 to 3.0 MW), corresponding to an output of 5000 MW per year.
Hansen’s factory in India will apply the same production installations, processes and methodology used in its Belgian plants in Lommel and Edegem.
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