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Sona Okegawa to expand

Special Correspondent

NEW DELHI: Sona Okegawa Precision Forgings on Thursday unfolded its plans to pump in Rs. 100 crore in the next one year for capacity expansion. It was looking at mergers and acquisitions to emerge as one of the top three global companies in the sector by 2011-12.

After foundation laying ceremony of a tool and die plant being set up in Haryana by the joint venture of Sona group and Japan's Mitsubishi Materials Corp at an investment of Rs. 20 crore, Sona Group Chairman and Managing Director, Surinder Kapoor, told reporters here that, "In the next one year, we are looking at taking our forged gears capacity to 20 million units from nine million units".

Mr. Kapoor said the company would set up a manufacturing plant near Pune with an investment of Rs. 80 crore. While the new plant at Haryana would go on stream in the next ten months, the Pune plant would be operational by October next year, he said.

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