Business Daily from THE HINDU group of publications Wednesday, Aug 01, 2007 ePaper |
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Corporate
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New Projects Taiwan’s Dogetech plans textile machinery plant in Coimbatore
G. Gurumurthy Coimbatore, July 31 Taiwanese textile accessories/pre-spinning machinery manufacturing company Dogetech Industrial Company Ltd is looking at setting up a works plant in Coimbatore to meet the South Indian market demands. The company is currently working on a $3-million investment in Maharashtra’s Kolhapur to set up an assembling plant for auto-leveller drawframe and cards used in the textile spinning industry. Dogetech also manufactures retrofitted draw frames and carding range. The Taiwanese company is promoting the Kolhapur plant on a six-acre plot at five star industrial area of Maharashtra Industrial Development Corporation at Kagal that will assemble the completely knocked down auto-leveller draw frames and cardings imported from its parent company from Taiwan for the Indian market. Dogetech’s Kolhapur investment coming up under the banner Dogetech Machinery Manufacturing Pvt Ltd will actually serve as a consortium in which at least eight or nine other Taiwanese textile machinery companies too will figure. These consortium partners are looking at product and services outsourcing to India to cater to the Indian textile machinery market and possibly use India as a base for re-export to their clients in other South Asian and European destinations. These companies will also be allotted suitable production platforms depending on their needs at the Kolhapur site, according to Mr Nick Yang, Managing Director of Dogetech Industrial Company Ltd. Mr Yang and members of a few other Taiwanese consortium companies who were here in connection with the just concluded textiles spares exhibition held here by the Southern India Mills Association (SIMA) told reporters of The Hindu group that the first phase construction at Kolhapur project, a 2,000 sq.m. plant was just completed and the plant will start turning out the assembled machinery by March 2008.
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