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City of Little Rock Public Relations
Office (501) 371-4421
Little Rock Regional Chamber of Commerce
Phone: 501.377.6006 Fax: 501.374.6018
Manager Corporate Communications
Man Industries (India) Ltd.
022.6647.7515/ 9833 996849
FOR IMMEDIATE RELEASE :
Tuesday, August 12, 2008
MAN INDUSTRIES PURCHASES 155-ACRE SITE IN LITTLE ROCK
(Little Rock) – Man Industries (India) Ltd. announced today that it has completed the official purchase of its project site – 155 acres on Zeuber Road just south of the Little Rock Port. J.C. Mansukhani, managing director of Man Industries (India), completed the land closing on August 8th in Little Rock. Construction is scheduled to begin in late August on the $100 million new manufacturing facility, which will employ 250 people.
Man Industries (India), a leading pipe manufacturer based in India, announced its plans to locate the new facility at the Little Rock Port back in March. The Man USA Inc. facility will also serve as headquarters for North and South America.
Man’s Little Rock location will have will have the capability of producing 300,000 tons of HSAW (Helical Submerged Arc Welded) pipes annually. These pipes will be used primarily in the petroleum industry. A coating facility will also be on site.
“The execution of this first facility is significant for Man, as we strengthen our presence in the U.S. market and take an important step towards investing in this region," said Ramesh Mansukhani, Chairman of Man Industries (India) Ltd. "Based on the U.S.’s growing demand, Man is very confident about its future growth opportunities in the U.S. Man is committed long-term to strengthening infrastructure in this region so as to serve the fast-growing American market, as well as partnering with the local community to be a good citizen and a good neighbor. It's of utmost importance that a strong manufacturing base, supported by the project’s Operations and Management team, seamlessly intertwines to help Man deliver quality products on time and on budget to all its esteemed customers."
Man Industries currently has two manufacturing facilities in Gujarat and Madya Pradesh. The addition of the Little Rock manufacturing facility will allow the company to expand and better serve the market, according to Mansukhani.
The Man Industries location continues to be coordinated by the Metro Little Rock Alliance and the Little Rock Regional Chamber of Commerce.
Additional information can be found at www.mangroup.com.
About Man Industries (India) Limited:
Man Industries (India) Ltd., an ISO 9001 / 14001 / 18001 accredited company, is a leading manufacturer of SAW (Submerged Arc Welded) Pipes (Line Pipes) and Coating Systems for high-pressure Oil & Gas applications with a potential production capacity of approximately one million tons per year. The Company is part of the well diversified Man Group, growing under the leadership of Mr Ramesh Mansukhani. Starting as an Aluminium Extruder in 1988, Man Industries has now become a large player in SAW Pipes. It is also a significant sized player in Spirally Welded Pipes and Coating Systems. Man Industries’ operations are spread globally with offices in the U.K. and U.A.E. besides India.
The shares of the Company are listed with Bombay Stock Exchange and National Stock Exchange and the GDRs of the Company are listed with Dubai International Financial Exchange (DIFX).