Business   

Salcomp’s Sriperumbudur unit on stream

CHENNAI: Salcomp, a leading global manufacturer of chargers for mobile phones, is likely to triple its investment in Tamil Nadu to increase production from 33 million chargers to 100 million chargers a year by 2008-09.

“This gives us a firm establishment in the most rapidly growing mobile market in the world… It also means we have two international facilities to learn from and inspire each other to go forward,” said Salcomp Chairman, Mats Heiman, speaking at the official inauguration of the Indian manufacturing unit located at the Nokia Special Economic Zone in Sriperumbudur.

The company has spent over nine million euro on the plant and “investment will continue”, promised Salcomp Manufacturing India director, Arto Makela. The company will ramp up capacity by adding 16 production lines to the existing eight lines.

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

Stories in this Section

Apex court allows REL to bid for Mumbai project
Honda launches new variants of City
Wipro centre in Mexico
‘Power: XI Plan target will be met’
Swaraj Mazda rolls out luxury buses
Electrotherm launches electric scooter
SAIL chalks out Rs. 40,000 cr. plan
Salcomp’s Sriperumbudur unit on stream
Blue Dart to expand
Sensex loses 54 points
Rupee gains 11 paise
Exchange Rates
Bullion Rates
Clause 49: SEBI takes action against 20 cos.
Derivative norms for FIIs relaxed
Tatas find a good samaritan in SBI
Peninsula sells park premises
Cairn gets RoU for Rajasthan pipeline
UBI ties up with Everest Bank of Nepal
BT to hire more people in India
Angad Paul wins Entrepreneur of the Year award

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu