SCHWING Stetter India is setting up a new manufacturing facility in SIPCOT Industrial Area, Cheyyar, Tiruvannamalai District, Tamil Nadu. The new unit spans over 53 acres and the company will be investing Rs.350 crores in two phases towards installing this technology-enabled and environmentally-sustainable manufacturing facility.
The new site aims to focus on new product launches and support the progression of engineered products from the prototype stage to serial production. It is a step towards strengthening SCHWING Stetter’s commitment to the Indian market and focus on to meet the emerging infrastructure boom in India and export potential in Asia and African markets, claims the company and is hopeful of “We are hopeful of full cooperation from the Government of Tamil Nadu for their support towards the success of the plant.
Anand Sundaresan, Vice Chairman and Managing Director, SCHWING Stetter India has said that the new facility is core to SCHWING Stetter’s long-term strategy to expand and reinforce our position as one of India’s leading concrete equipment manufacturers.
V. G. Sakthikumar, Managing Director, SCHWING Stetter Sales and Services Private Ltd. has mentioned that the new facility will boost SCHWING Stetter’s existing production to cope up with industry demands that has been a great challenge. “With the launch of this new facility, we endeavour to launch a new line of exciting, state-of-the-art products to suit the demands of the global market," he added.