Fluidomat Ltd Approves Major Expansion Plan Funded by Internal Accruals

Fluidomat Ltd has approved a modernization and expansion plan for its aluminum and CI foundries, to be financed through internal accruals. The plan includes installing modern CNC machines, high KW rating couplings testing beds, and a modern laboratory for material testing. The company will also undertake civil construction of 86,988 sqft. The proposed expansion aims to enhance production capacity, improve deliveries, and create a world-class modern production facility with automation. The expansion is expected to help the company enter new geographical markets and attract foreign buyers, aligning production with long-term sales growth. The company is expected to receive a 40% capital subsidy on production machines and civil construction.