• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi, Nov 14

Mitsui Chemicals Group, a $15-billion Japanese multinational, has announced setting up of a manufacturing facility to make resins for auto parts like bumpers, dashboards and pillars.

At an initial investment of Rs 30 crore, the new plant would be located at the Japanese Investment Park in Neemrana, Rajasthan, to cater to primarily Japanese automobile companies such as Honda and Maruti Suzuki in the domestic market.

Mitsui Prime Advanced Composites India, that will set up its manufacturing base, spread across 15 acres with an initial capacity of 15,000 tonnes per annum, would be operational from the first quarter of 2009.

Last year, Rajasthan State Industrial Development and Investment Cooperation (RIICO) had signed a memorandum of understanding with Japanese External Trade Organisation to enhance Japanese investments in the State. In August this year, Nissin Brakes India, another Japanese auto component company, also announced a new manufacturing unit in the same park.

More Stories on : New Projects | Chemicals | Other States

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Cipla gets another Govt notice on overcharging

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line