Business Daily from THE HINDU group of publications
Thursday, Mar 29, 2007
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Business Daily from THE HINDU group of publications Thursday, Mar 29, 2007 ePaper |
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New Projects States - Tamil Nadu Komatsu sets up Rs 50-cr unit near Chennai Our Bureau
PLANT INAUGURATION: The Tamil Nadu Local Administration Minister, Mr M.K. Stalin, receiving a memento from the President and CEO, Komatsu Ltd (Japan), Mr Masahiro Sakane, during the inaugural function of Komatsu India Pvt Ltd's plant at Oragadam near Chennai on Wednesday. Also seen in the picture are the Labour Welfare Minister, Mr T. M. Anbarasan (extreme left), and the Consul General of Japan in Chennai, Mr Yoshiaki Kodaki (right). - A. Muralitharan
Chennai March 28 Komatsu India Pvt Ltd, a wholly-owned subsidiary of Komatsu Ltd of Japan, has set up a Rs 50-crore plant for producing off highway dump trucks, at Oragadam, near Chennai. The plant was inaugurated today by the Mr M.K. Stalin, Minister for Local Administration, Tamil Government. This is Komatsu's second production base in India. The first one is in Bangalore, a 50:50 joint venture with L&T, which makes hydraulic excavators. The Oragadam facility will produce dump trucks, used mainly in moving earth, ores and minerals at mines, in two capacities— 50 tonnes and 100 tonnes. The plant has come up on an area of 2,40,000 sq metres at the SIPCOT Industrial park, Oragadam. Initially, the plant will produce about 200 units a year. Most of the components will come from abroad. Work on the plant commenced last May and at present, trial production is going on. Komatsu India has a paid-up equity capital of Rs 74.5 crore and is entirely held by the Japanese parent. A press release from Komatsu said the company anticipated good demand for dump trucks, driven mainly by mining of coal (thanks to the growth in the power sector), production of iron ore and other non-ferrous metals.
More Stories on : New Projects | HCV/LCV/Tractors | Tamil Nadu
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