Hyderabad, Aug 7: Concrete offsite technology, developed by Silicon Valley-based Katerra on Wednesday performed the ground-breaking ceremony of its first fully integrated off-site manufacturing plant for prefabricated building components and fittings here.
''We plan to invest over 100 million dollars for the new facility, which is coming up near Shamshabad, outskirts of the city and expected to be completed by March 2020, President Asia and Middle East, Katerra, Ash Bhardwaj said in a press conference here.
The new plant, spread over 50 acres, would deliver 8 million sqft of building components every year through robotic assembly line production, he said.
"With this, we plan to double our capacity from the current 10 million sq ft to 20 million sq ft," Bhardwaj said. This would be the company's second factory in India after Krishnagiri (near Bengaluru) in Tamil Nadu.
''We also have a movable onsite factory in Lucknow'', he said, adding that in the next three years, Katerra planned to expand to National Capital Region (NCR) and Mumbai as well. (UNI)