Automotive ferrous casting parts maker, Munjal Kiriu Industries - a joint venture between Munjals-promoted Hero Motors Company and Japanese Kiriu Corporation on Wednesday announced launching of the second plant of the company at 100-acre Japanese Industrial Park located at Mandal near Ahmedabad.
The plant, which will make Ventilated Discs and Drum for Original Equipment Makers (OEMs) in the Western part of the country, is set up with an investment of Rs 150 crore with installed capacity of 1,500 tonnes per month (18,000 tonnes per annum).
The first phase of the machining facility has been commissioned and inaugurated by Pankaj Munjal, chairman, Hero Motors Company and Yoshimoto, President, Kiriu Corporation, Japan here on Wednesday.
"We were a late entrant in this segment but in a short span we have become a market leader in the parts segment for Maruti Suzuki vehicles. The JV has done very well and we have been able to beat the market and become a leader," Munjal told BusinessLine .
"The new machining facility has high productive semi auto transfer lines. This will ensure highest quality standards for our products. We will be able to provide the best quality parts to our OEM partners in Western India through this plant," Munjal added.
The casting phase of the plant is under construction and is expected to be ready by March 2018.
"After the Casting phase, Munjal Kiriu Industries Pvt Ltd will have a completely integrated production facility from raw material to finished products in one flow. This will be in line with Kiriu’s production way called ‘IKKI-SEISAN’, thereby making the company independent," said Yoshimoto, President-Kiriu Corporation, Japan.
Munjal Kiriu Industries Pvt Ltd already has a functioning plant in Manesar (Haryana) with an installed capacity of 4200 tonnes per month (around 50,000 tonnes per annum), manufacturing Ventilated Disc and Drum for passenger cars.
Munjal Kiriu Industries, a 49:51 JV of Hero and Kiriu, is one of the key suppliers of brake parts to Maurti Suzuki, Honda, Renault, Nisan and Toyota. The company has a Technical Assistance Agreement with Kiriu, a part of Sumitomo Corporation.