Absstem Technologies, a fast-growing manufacturer of medical and industrial gas generators in India, has launched a new business, Absstem Industrial Solutions Pvt Limited. The new company will be purely dedicated to the industrial application of oxygen and nitrogen. The new segment plans to delve into other gasses shortly and is aimed at catering to the gas needs of industries. The company has invested Rs. 30 million in the new business, which would create more than 300 jobs over the next three years.
The launch is another proof of the company's commitment to broadening its portfolio and providing quality products and services to the businesses that need them. The new business will serve industries like automobile, wastewater treatment, air conditioning manufacturing, welding, brazing and metal cutting, glass industry, pharmaceuticals, refineries, and the packaged food industry, among many others. Initially, 20 devices will begin producing oxygen once a month. In total, 60 machines will be fully operational every month.
According to Absstem, "The subdivision was conceived to help unbundle our processes and diversify our expertise. Our focus on gas has not changed, but the difference is that Absstem Industrial Solutions Pvt Ltd is focused on the application for industrial requirements. Our product range includes the industrial oxygen generators, which we call
