Milacron of US plans $30 million capex in India.

The US-based Milacron LLC, one of the largest moulding machine manufacturers, plans to invest $30 million (about Rs.182 crore) in India and double its head count in the country to 2,000 in the next three years.

The Indian subsidiary has manufacturing units in Ahmedabad and Coimbatore.

Ferromatik Milacron India proposes to double capacity at its unit in Ahmedabad with an investment of $20 million.

The company currently has an annual production capacity of 2,000 plastic injection moulding machines ranging from 50 tonnes to 3,200 tonnes. Milacron will invest another $10 million to enhance capacity in Coimbatore.

HBL