Schwing Stetter India to set up new plant

Schwing Stetter India, a leading concrete equipment manufacturer, plans to set up a new manufacturing facility in SIPCOT Industrial Area, Cheyyar, Tiruvannamalai District, Tamil Nadu, about 60 km away from its 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 other Asian and the African markets.

Schwing Stetter will invest about Rs 350 crore in 2 phases to establish 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.

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 the success of the plant.”

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 this new facility, we will launch a new line of exciting, state-of-the-art products to suit the demands of the global markets.”

Schwing Stetter India is a 100% subsidiary of Schwing GmBH, a German concrete machinery manufacturer and a part of XCMG group.