Toshiba invests $30 million into its T&D manufacturing in India
In the period to FY2016, Toshiba plans to invest a cumulative $100 million in its T&D business in India, including this current round of investment
Toshiba Corp. will reinforce its transmission & distribution (T&D) business in India with a $30 million investment in new production capacity at Toshiba Transmission & Distribution Systems Pvt. Ltd. in Hyderabad, India. A new line for large power transformers will come on line in spring 2015, at the same time as the full-scale launch of a new line for switchgears.
Alongside its existing production line of small- and medium-capacity transformers and low- and medium-voltage switchgears, the new power transformer line will support production of 765 kV transformers with a capacity of 500 MVA, while the new switchgear line will produce high voltage products.
India continues to record high economic growth, and long-term capital investment for infrastructure is expected in key areas such as electricity and transportation. In T&D, the Indian government is promoting measures to increase the number of 765kV substations, toward increasing the country’s transmission capacity five times by 2017. This policy is driving demand for large power transformers and high voltage switchgears.
Toshiba established Toshiba Transmission & Distribution Systems (India) Pvt. Ltd. in 2013 by acquiring T&D business from Vijai Electricals Ltd. with $200 million, and also started operation of a new power transformer facility in Russia in February 2014. Using these operations as part of an integrated global supply network, plus with the worldwide sales network of Landis+Gyr, a Toshiba Group company, Toshiba aims to achieve global sales of $7 billion in the T&D and smart grid business in FY2015.