The Hindu : Asahi India plans unit in Chennai

Online edition of India's National Newspaper
Saturday, Nov 22, 2003

Business

Business

Asahi India plans unit in Chennai

By Our Special Correspondent

NEW DELHI NOV. 21. Asahi India plans to set up a manufacturing unit in Chennai. The unit, the company's third plant in the country and the first in the South, will manufacture automotive safety glass. The aim is to cater to the requirement of several automobile manufacturing companies located in the vicinity. Besides, the company will be seeking to address some export markets using the new facility.

The new plant will initially have a capacity of over five lakh laminated windshields and will tentatively cost over Rs. 50 crores, to be funded primarily internally. The combined capacity to manufacture laminated windshields after this plant is commissioned by October 2004 will be over 17 lakhs. In addition, the company has existing capacity at its Rewari facility for 12 lakh car sets of tempered glass.

Sanjay Labroo, Managing Director and CEO of Asahi India said in a news release, "Our company has preformed strongly in the past few years. We have strong client relationships and the trust our customers place in us has made us the country's largest glass company.'' We have a commanding share of the automotive glass market and as leaders we have to invest to tap opportunities that will present themselves in the future. This new plant is a significant step for us and I am confident this investment will reap big benefits for Asahi India.'' The company's two existing plants are located at Rewari, Haryana, and Taloja, Maharashtra. Asahi India is a joint venture between the Labroo family, Asahi Glass of Japan and Maruti Udyog. The company commenced operations in 1987.

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