Hyva to invest USD8.7m in India by 2020
By Jim Gibbins - 1st August 2019
India - Tipping cylinder specialist, Hyva India Pvt Ltd of Pune, a subsidiary of Hyva Global BV of Alphen a/d Rijn, The Netherlands, plans to invest USD8.7m over the next two years (i.e. 2019 and 2020) expanding production capacity at its plant in Pune, and to create new products with a focus to improving its environment impact.
Marco Mazzu, CEO, Hyva Group on his recent trip to India, while celebrating Hyva’s 40th anniversary, remarked: “India is a major market for us because it is not only a large sales market, but it is also a core market for the manufacturing operations of Hyva. We have over 40 per cent market share in front-end tipping solutions and now with India’s focus on construction and infrastructure development, it is one of the fastest growing markets worldwide for tipping solutions.”
