Operon, JH BIO and MAXCOOL to have manufacturing facility in India

Bangalore, Jun 9 (UNI) Korean operon, JH BIO and Indian air conditioner manufacturer Maxcool today announced a strategic alliance to establish a state-of-the-art facility to manufacture ultra low temperature freezers, freeze dryers and other products related to Cryogenic technologies.

Speaking to newsmen on behalf of alliance partners, Maxcool Managing Director G V K Rao said the facility would be set up near Dehradun or Mumbai. The investment would be around Rs.20 lakhsin next three years, he added.

He said various cryogenic technologies and know how available with Operon, protected by number of patents in several countries together with the technical and manufacturing capabilities of Maxcool would be exploited in commercialising the technologies for numerous applications. The joint venture would also explore the world markets besides capturing good market share in India. He felt the booming economy and excellent growth of biotechnology sector offered a very significant opportunity for the products manufactured in India to attain critical volumes.

UNI