PG Technoplast Private Limited, a subsidiary of PG Electroplast Limited, inaugurated a new air conditioning manufacturing plant in Bhiwadi, Rajasthan. The 200,000 sq ft facility has annual capacities of 360,000 AC indoor units, 360,000 AC outdoor units, and 250,000 window ACs, and creates over 1,000 jobs.
PG Eectroplast's wholly owned subsidiary PG Technoplast has signed a definitive agreement to acquire 100% of Next Generation Manufacturers (NGM), a manufacturer of consumer durables, air conditioners and televisions. The acquisition will make NGM a wholly owned subsidiary of PGTL and position PGTL as a preferred vendor to Amstrad.
PG Technoplast, a subsidiary of PG Electroplast, signed an MOU with MIDC to invest Rs 315 crore in a room AC manufacturing facility in Maharashtra, India, creating over 1,500 jobs.
PG Technoplast, a subsidiary of PG Electroplast, formally inaugurated its flagship air conditioner manufacturing facility in Supa, Ahmednagar, Maharashtra. The plant began commercial production in January 2022, with an annual capacity of 1.5 million indoor units and 1 million outdoor units, and created over 1,000 jobs.
| Site | Largest | Latest |
|---|---|---|
| Bhiwadi, India | 2024-04-26 | |
| Maharashtra, India | $41.0M | 2022-05-24 |
| Supa, India | $21.0M | 2022-05-17 |