Italian firm Frascold invests to set up facility in Gujarat

Ahmedabad, 25 October 2012

Frascold, an Italy-based MNC, engaged in air conditioning and refrigeration, is all set to commence its India operations through its Indian arm Frascold India Pvt Ltd (FIPL). The newly-incorporated company has set up a state-of-the-art facility at Matoda near Changodar in Gujarat to manufacture condensing unit, which will have an installed capacity of 7500 no. per annum. While the total investment made for the facility is about Rs. 10 crore, the Italian firm holds 51 % equity in the JV and rest of the stake is owned by the Indian promoters.

The new facility, spread over an area of 17,000 square feet, will have a condensing unit assembly plant, for both air-cooled and water-cooled equipments, which will produce models that are same to the models manufactured in Frascold Spa’s plant in Italy. It will use condensing units parts imported from Italy. FIPL also has custom-bonded warehouse in Ahmedabad ICD and CWC, which are capable of storing 2,000 number of compressors.

Apart from maintaining stock of compressors and spares imported from Frascold SPA, Italy, the facility will also have a service center with testing facility and it will deliver service compressors with test certificate giving warranty for a certain period of time. The corporate office of FIPL is situated on SG Road, Ahmedabad. Apart from that, the company will have offices in Mumbai, Chennai, Delhi & Kolkata and services centers in Chennai, Delhi and Kolkata. The plant is well-equipped to serve the customers just in time without keep them waiting for a period as long as 10 to 15 weeks for delivery of compressors and condensing units.

Commenting on Indian JV, Mr. Giuseppe Galli, Managing Director, Frascold Spa, said, “Establishment of a manufacturing facility in India is mainly driven by the high demand for Frascold products in the Indian Market. Being a leader in the air conditioning and refrigeration compressor’s worldwide market, for both commercial and industrial equipments, we are considered as one of the best manufactures of cooling solutions and now with the new facility in Gujarat, we will be able to reduce the delivery time and extend after-sales support in a better way. Further, our foray into India comes at a time when the country is poised to be a global manufacturing hotspot alongside the likes of China.”

“Our high performance is a systematic result of our experience and know-how of the global compressor markets, our quality standards based on the use of best components soured from the Europe and not from China and strict testing, and our engineering and design driven innovation. Their coming together in a streamlined manner is in many ways the root of our success also and the foundation pillars of our venture into India,” he added.

“The Indian arm of Frascold will play an important role into the development of the Indian refrigeration and AC market. FIPL will provide the same experience that made FRASCOLD SPA a major player all over the world. FIPL has the backing of skilled staff for technical and commercial operations, which will help the Indian customers right from the product selection to its application,” said Shri Subhash Agrawal, Managing Director, Frascold India Pvt. Ltd.

FIPL grants a large and complete availability of FRASCOLD products in India. The company also plans to set up offices in all of the most strategic locations in India in near future.

It is worthwhile to mention that FRASCOLD is in the field of providing cooling solutions since 1936. Its journey has been marked by transformations and attention to cutting-edge technology. Since its inception, Frascold has produced compressors for the refrigeration and air conditioning industry and sold them all over the world for a broad range of applications. The company has also undertaken some prestigious projects such as stadium refrigeration at the Gold Coast Stadium in Queensland, Australia and world-first in refrigeration technology used by the company in a working store in London, has won Klima-Therm and Frascold a prestigious UK award for the Refrigeration Product of the Year 2012.