Establishment of the Manufacturing Plant in India
Resource from: JTEKT CORPORATION Likes:3913
Oct 18,2011
Nagoya, Japan, October 17, 2011 – JTEKT CORPORATION (JTEKT; Headquarters; Nagoya, Japan; President: Shoji Ikawa) is pleased to announce the establishment of the first bearing manufacturing facility in India named “the Bawal plant” at Koyo Bearings India Pvt. Ltd. (hereafter KBIN). The new plant will start its production in November 2012.
The Bawal plant of KBIN will manufacture automobiles’ and motorcycles’ bearings and it aims to supply its bearings to Japanese and Local companies of automobiles, motorcycles, construction machines, agricultural machines and so on. The total investment amount will be approximately 7 billion yen and plant completion will be scheduled in May 2012.
JTEKT is now concentrating on priority regions like China, India, South America and ASEAN where its economies are drastically growing. As for India, we have already started production of steering as joint venture with a local company. Therefore, we are able to use its know-how to the new plant. KBIN is a wholly owned company of JTEKT Group, and this enables us to make decisions swiftly and to respond adequately to the customers’ needs. For future, by strengthening local procurement and integrating bearings’ and machine tools’ sales facilities, we will offer appropriate products and service to our customers. We expect total sales amount of India business to be increased to 45 billion yen by the end of 2015.
General Information of KBIN and the Bawal new plant:
1. Company Name：Koyo Bearings India Pvt. Ltd.
2. Location：Haryana State Industrial and Infrastructure Development, India
3. Capital：Approx. 2.5 billion rupee（approx. 4.3 billion yen）
4. Investment Ratio：JTEKT 98%, Koyo Singapore (Pte) Ltd. 2%
5. Facilities：Bangalore（Headquarters / Sales）, Gurgaon（Sales）, Bawal（Production）
6. Investment Amount：Approx. 4.2 billion rupee（approx. 7 billion yen）
7. Number of Employees：About 450（plan for 2015）
8. Sales Target：11 billion yen（plan for 2015）
9. Site Area：Approx. 43,000m²
10. Construction Area：Approx. 18,000m²
11. Start of Operation：November 2012 (scheduled)
12. Completion of Plant：May 2012
13. Business Description：Manufacturing and Sales of Bearings
Image of the Bawal Plant:
JTEKT Facilities in India:
(JTEKT CORPORATION)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
