Sch­wing Stet­ter In­dia to set up new plant

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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.

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