|
|
 |
|
|
Toyota kirloskar to set up third plant in bangalore - Casting Machine Parts - EDM Wire Cut Parts Ma by guo ping
|
|
|
Toyota kirloskar to set up third plant in bangalore - Casting Machine Parts - EDM Wire Cut Parts Ma by GUO PING
|
|
| Article Posted: 09/01/2013 |
| Article Views: 116 |
| Articles Written: 1013 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 407 |
| Article Votes: 0 |
|
Toyota kirloskar to set up third plant in bangalore - Casting Machine Parts - EDM Wire Cut Parts Ma |
|
|
|
|
|
Business,Business News,Business Opportunities
|
|
Toyota Kirloskar Auto Parts is setting up its third manufacturingplant for automotive components at Bidadi, about 32 km fromBangalore. The company is investing INR 500 crore to set up theplant. Toyota Kirloskar Auto Parts is a joint venture between Toyota MotorCorporation, Japan, Toyota Industries Corporation, Japan, andKirloskar Systems, Bangalore. The Toyota group holds 90 per centstake in the company, which already operates two manufacturingplants at Bidadi for exports, as well as the domestic market.
Atthese plants, the company manufactures manual transmissions for‘Fortuner' units manufactured in India, Thailand andArgentina. It also produces front and rear axles and propellershafts for the ‘Innova' units made in India. According to an official notification issued by the Karnatakagovernment, a high-level clearance committee, headed by ChiefMinister D V Sadananda Gowda, had recently approved thecompany's proposal to set up a third plant to manufacturecastings and machine parts, the memorandum of understanding forwhich was signed at the Global Investors' Meet in Bangaloreon June 7 and 8. With the fresh investment, which would create 150 jobs inBangalore, total investment in the company would rise to INR 1,000crore.
At the proposed plant, Toyota Kirloskar Auto Parts plans tomanufacture 240,000 castings of engine parts and 120,000 units ofmachine parts. The company has sought an additional 17 acres fromthe government. The Karnataka Industrial Areas Development Boardwould acquire the land for the company, provided the companysecures consent for this from 80% of farmers who own the land. Theboard has also sanctioned 600,000 litres of water a day for the newplant.
Mr TR Parasuraman senior vice president (administration, financeand human resources) told Business Standard that "We havesigned an MoU with the state government for an investment of INR500 crore for the new capacity. As part of the new investment, wewould manufacture petrol engine parts and transmission units forToyota's small car, the Etios Liva, and the Etios sedan. Wewill export 55 per cent of the 240,000 transmission units toToyota's Brazil facility, while the remaining 45% would beused for domestic consumption."
For more information, click here to visit my website. My website is a famous b2b platform. We offer a great deal of high quality products, such as Casting Machine Parts , Casting Machine Parts. All these are from top quality suppliers.
I am an expert from cncprecision-machining.com, while we provides the quality product, such as Casting Machine Parts , EDM Wire Cut Parts Manufacturer, Precision Turned Parts,and more.
Related Articles -
Casting Machine Parts, EDM Wire Cut Parts Manufacturer,
|
Rate This Article  |
|
|
|
|
|
Do you Agree or Disagree? Have a Comment? POST IT!
| Reader Opinions |
|
|
|
|
|
|
|
|
|
| Author Login |
|
|
 |
Advertiser Login
ADVERTISE HERE NOW!
Limited Time $60 Offer!
90 Days-1.5 Million Views
|
|
TIM FAY
After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
|
|
|
|
|
LAURA JEEVES
At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
|
|
|
|
|
ALEX BELSEY
I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
|
|
|
|
|
GENE MYERS
Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
|
|
|
|
|
SUSAN FRIESEN
Located in the lower mainland of B.C., Susan Friesen is a visionary brand strategist, entrepreneur, ...more
|
|
|
|
|
STEPHEN BYE
Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
|
|
|
|
|
SHALINI MITTAL
A postgraduate in Fashion Technology. Shalini is a writer at heart! Writing for her is an expression...more
|
|
|
|
|
ADRIAN JOELE
I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
|
|
|
|
|
JAMES KENNY
James is a Research Enthusiast that focuses on the understanding of how things work and can be impro...more
|
|
|
|
