MMD India to invest Rs 100 cr in AP's Sri City
MMD Mining Machinery Developments in the United Kingdom has laid the foundation stone for its new production unit at Sri City Special Economic Zone in Andhra Pradesh. The company's Indian subsidiary MMD (India) to handle the production unit. The company will initially invest Rs 100 crore in this project and will offer employment to 200 people. The company offers mineral sizers, heavy duty apron plate feeders, caterpillar chains and rollers, and sizer stations. It serves aggregate, cement, coal, industrial minerals, metalliferrous, energy/oil, recycling, tunnelling, and precious metals industriesBy October next year the production unit is expected to be commissioned, the Sri City said in a release. MMD was the fifth major industry from the United Kingdom to select Sri City as its business destination. The company offers mineral sizers, heavy duty apron plate feeders, caterpillar chains and rollers, and sizer stations. It serves aggregate, cement, coal, industrial minerals, metalliferrous, energy/oil, recycling, tunnelling, and precious metals industries, it added.