SCHWING Stetter India Plans to Set up Manufacturing Facility in SIPCOT, Tamil Nadu
SCHWING Stetter India, leading concrete equipment manufacturers announced its plans to set up a new manufacturing facility in SIPCOT Industrial Area, Cheyyar, Tiruvannamalai District, Tamil Nadu which is 60 kms away from their existing facilities. The new unit, spreading over 53 acres, is a step towards strengthening SCHWING Stetter’s commitment to the Indian market and focus on to meet the emerging infrastructure boom in India and export potential in Asia and African markets. SCHWING Stetter India has made the payment towards the cost of the land to SIPCOT.
SCHWING Stetter will be investing about 350 crores in two phases towards installing this technology-enabled and environmentally-sustainable manufacturing facility. The new site aims to focus on new product launches and support the progression of engineered products from the prototype stage to serial production.
Speaking about the announcement, Mr.Anand Sundaresan, Vice Chairman and Managing Director, SCHWING Stetter India said, “The new facility is core to SCHWING Stetter’s long-term strategy to expand and reinforce our position as one of India’s leading concrete equipment manufacturers. We are hopeful of full cooperation from the Government of Tamil Nadu for their support towards the success of the plant.”
Mr. V. G. Sakthikumar, Managing Director- SCHWING Stetter Sales and Services Private Ltd. said, “Boosting our existing production to cope up with industry demands has been a great challenge for us. With the launch of this new facility, we endeavor to launch a new line of exciting, state-of-the-art products to suit the demands of the global market.”