Varroc setting up third plant in China, planning expansion in Russia or Brazil

By Satnam Singh
Correspondent

Published: March 25, 2013 12:37 pm ET
Updated: March 25, 2013 12:42 pm ET

Image By: Varroc Group Fang Guoqiang , vice mayor of Changzhou People's Municipal Government, planting a tree with Vineet Sahni, president of Varroc Group's automotive lighting unit

Related to this story

Topics Automotive, Injection Molding, Lighting
Companies & Associations Ford Motor Co.

AURANGABAD, INDIA — India's Varroc Group is setting up a third automotive lighting plant in China.

"The third plant will likely to start operation in beginning of second quarter," said Vineet Sahni, president of the company's automotive lighting unit, in a telephone interview. Varroc and its Chinese partner, TYC Brother Industrial Co. Ltd., are investing $30 million in the Chongqing, China, plant over the next three years.

Varroc's existing plants in China are in Changzhou, Jiangsu province, and have annual sales of about $130 million.

Sahni said the new plant will start off by serving a Ford Motor Co. assembly plant. The factory will be Varroc's largest in China, and he expects it to reach $100 million in sales within five years.

"Initially, the Chongqing plant will supply Ford, but later on [it will serve] other car OEMs," Sahni said.

The China plant will be part of Varroc Lighting System which was recently formed after Varroc Group's acquisition of Visteon Corp.'s automotive lighting business, which has operations in Europe, North America and Asia.

In total, about 1,450 manufacturing, engineering and administrative employees are part of China facilities.

Sahni added that Varroc is wrapping up a study on establishing a manufacturing plant in Russia or Brazil. The company will finalize plans in the second quarter.

Meanwhile, Varroc has 23 plants in India and is in the midst of setting up another in southern India. The Aurangabad-based company offers design, development and manufacturing of plastic and metal automotive products.


Comments

Varroc setting up third plant in China, planning expansion in Russia or Brazil

By Satnam Singh
Correspondent

Published: March 25, 2013 12:37 pm ET
Updated: March 25, 2013 12:42 pm ET

Post Your Comments


Back to story


More stories

Image

Houston Plastic continues to grow with new press, controlled production area

October 1, 2014 11:32 am ET

Custom injection molder Houston Plastic Products Corp. has extended its clamp tonnage range and added an environmentally controlled molding area.    More

Image

German auto supplier Benecke-Kaliko to build second plant in China

October 1, 2014 10:24 am ET

German auto supplier Benecke-Kaliko AG is set to build its second Chinese facility, in Changzhou, to produce surface materials for automotive...    More

Image

Ohio molder Denbro Plastics moves to new location

September 29, 2014 6:17 pm ET

Logo products injection molder Denbro Plastics Co. has moved to another plant within Toledo, Ohio, to streamline production and improve efficiency.    More

Image

Japan's parts makers face challenges as carmakers expand supply base

September 29, 2014 11:01 am ET

For all their size and success, Japanese auto suppliers that rocketed to global dominance on the coattails of their No. 1 customer, Toyota Motor Corp....    More

Image

Nypro Healthcare continues to grow following Jabil acquisition

September 26, 2014 1:59 pm ET

Nypro Healthcare's newest medical device manufacturing facility offers 200,000 square feet of carefully configured Class 8 clean room molding and asse...    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events