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ELGi Equipments plans a Rs 500 crore (about USD 57 million) manufacturing expansion at its Coimbatore campus as it targets a top-three global compressor position by 2035, according to an interview with its COO.
ELGi Equipments revised timelines for its planned capacity expansion at its Kinathukadavu plant in Coimbatore due to delayed statutory approvals. GSC capacity is now due in Q1 FY27 and DPSAC capacity in Q4 FY28.
ELGi Equipments commissioned a new vacuum pump assembly line at its Coimbatore headquarters, produced under a technology licensing agreement with D.V.P. Vacuum Technology of Italy.
Elgi Compressors USA, a subsidiary of Elgi Equipments, decided to sell its entire stake in the Compressed Air Solutions of Texas joint venture to its partner for $154,586, with closure expected by October 31, 2024.
ELGi Equipments plans a long-term investment of more than ₹500 crore to build new buildings and production lines on its 120-acre campus outside Coimbatore. It will progressively move city factory operations there over five to six years.
Air compressor maker Elgi Equipments entered a partnership with Italy-based D.V.P. Vacuum Technology to manufacture, assemble, test and sell DVP vacuum pumps in India under the Elgi brand.
Elgi Equipments has signed a 10-year contract with Siemens to supply 2,400 sets of air screw compressors with dryer packages and 1,200 auxiliary compressors for locomotives. Elgi will also maintain the compressors for 35 years from supply, with deliveries starting next fiscal year. The contract was reported on 12 January 2024 and was signed in December 2023.
ELGI Sauer Compressors Ltd, a joint venture of Elgi Equipments and Germany's Sauer Compressors Group, opened a 50,000 sq ft plant in Kallappalayam, Coimbatore, with an investment of ₹40 crore. It will make high-pressure compressors, pressure-reducing stations and portable breathing air compressors.
ELGi USA, a subsidiary of Elgi Equipments, formed G3 Compressors, LLC, a North Carolina joint venture with 50% ownership held by Chad Gooding, with a proposed total investment of $100,000 in Class A shares.
Elgi Equipments' wholly-owned subsidiary Elgi Compressors USA Inc formed a joint venture company with Bryan Becker, managing partner of the LLC, on 19 March 2020, disclosed to exchanges on 11 May 2020.
ELGi Compressors USA, a subsidiary of ELGi Equipments, acquired Michigan Air Solutions, an independent air compressor distributor with locations in Grand Rapids and Plymouth, Michigan.
ELGi Equipments received approval to acquire 100 percent of Michigan Air Solutions LLC, a Michigan-based air compressor distributor, through its US subsidiary. The total consideration is around US$6 million.
Elgi Gulf FZE, a wholly owned UAE subsidiary of Elgi Equipments, proposed to invest 147,000 UAE dirhams for a 49% stake in a new UAE joint venture with a local Emirati partner to sell air compressors in the region.
ELGi Equipments, an Indian air-compressor manufacturer, has acquired Pulford Air and Gas, an Australian compressed air business with nearly $20 million annual turnover, expanding its product range to 450 kW machines.
Elgi Equipments, an air compressor maker, will commission a motor production facility on its Kinathukadavu campus near Coimbatore, probably in Q1 of the next financial year, with an investment of ₹18 crore. The motors will be for captive use in its compressors.
Elgi Equipments completed the full acquisition of Australian compressor distributor FR Pulford & Son and its subsidiary Advanced Air Compressors, trading as Pulford Air and Gas, for an upfront cash cost of about A$11.04 million. The deal was announced on 2018-08-01.
Indian air-compressor maker ELGi Equipments completed the 100% acquisition of Sydney-based distributor F.R. Pulford & Son (Pulford Air and Gas) for approximately A$15.05 million, entering the Australian market.
Elgi Equipments plans to acquire overseas air compressor distributors and set up assembly lines in the US, having set aside ₹5,000 crore for the purpose. The company aims to become the number two global air compressor maker by 2027.
