Business   

Schwing Stetter's third unit to go on stream

Staff Correspondent

Will notch up a turnover of Rs. 1,000 cr.

CHENNAI: Schwing Stetter India Pvt. Ltd., a 100 per cent subsidiary of Schwing Stetter GmbH, Germany, will inaugurate its Rs. 30-crore facility at the SIPCOT Industrial Park at Irungattukotai, near Chennai, on December 9. This facility, adjacent to its present manufacturing unit, will focus on manufacturing batching plants and components for concrete pumps for the domestic as well as export markets. Once fully operational, the plant will employ close to 250 people.

Addressing a press conference here on Friday, Anand Sundaresan, Managing Director, Schwing Stetter India Pvt. Ltd., said the new facility was spread over 10 acres and would come up on a two lakh-sq. ft. area. The new plant would have the same manufacturing system that was present in the Schwing Group's facilities globally. Major processes performed at the third plant would include bending, welding, surface preparation, painting, plastic and assembly operations.

Jochen Goerlich, Chairman, Schwing Stetter India, said the unit would soon notch up a turnover of Rs. 1,000 crore.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

CRR up by 50 basis points
Transporters oppose premium hike in third party insurance
JK Cement's new plant in Karnataka
Schwing Stetter's third unit to go on stream
Cognizant to invest Rs. 140 cr. in Hyderabad
Rupee loses eight paise
Sensex plunges 173 points
ST Microelectronics unveils `designed-in-India' chip
Exchange rates
Bullion rates
ICICI board to consider Sangli Bank merger
Inflation rate declines to 5.30 p.c.
Forex reserves up $2.707 b
Oracle raises open offer price for i-flex shares
Meet on Mobile, Ubiquitous Computing
Spentex consolidates Uzbekistan presence
UTV Software buys majority stakes in 2 firms
Compulink Systems opens office in Singapore
Kun Exclusive to showcase BMW cars
Amex Information is now Tutis Technologies

Copyright © 2006, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu