Man Industries announces new manufacturing facility

Man Industries India Ltd on March 14, 2008 announced plans to locate a new manufacturing facility on a 162 acre site at the Little Rock Port. The Company will invest $100 million in the facility, which will employ 250 people. Production will begin by mid 2009.

Man Industries' Little Rock location 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 projects and O & M 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, India. The addition of the Little Rock manufacturing facility will allow the Company to expand and better serve the U.S. market, according to Mansukhani.

The location of Man Industries marks the fourth major Company to locate in the Little Rock Port area during the past year.