Varroc planning two plastic component plants in India

By Satnam Singh
Correspondent

Published: September 10, 2013 2:22 pm ET
Updated: September 10, 2013 2:23 pm ET

Related to this story

Topics Automotive, Injection Molding

NEW DELHI — Automotive molder Varroc Engineering Pvt Ltd. is further expanding in India, with plans for two greenfield plants in the next 15 months.

Ravi M. Damodaran, president for technology and strategy at the Aurangabad, India-based company, said the locations for the new plants will be decided “in the next couple of months.” He was interviewed at the Auto Components Manufacturers’ annual conference in New Delhi.

Investment in the plants, which will probably be in northern and western India, will be about $16 million to $25 million, he said. Both plants will injection mold motorcycle components.

“The first plant would be operational in 2014 and second in early 2015,” he said.

Varroc, which also has operations in China generating annual sales of $130 million, currently has 35 manufacturing plants, and eight technical/development centers in 10 countries.


Comments

Varroc planning two plastic component plants in India

By Satnam Singh
Correspondent

Published: September 10, 2013 2:22 pm ET
Updated: September 10, 2013 2:23 pm ET

Post Your Comments


Back to story


More stories

Image

Bain buying TI Automotive

January 27, 2015 8:49 am ET

After months of speculation, Auburn Hills, Mich.-based TI Automotive Ltd. entered into an agreement Tuesday to be acquired by private equity firm...    More

Image

Major packaging merger includes plastics operations

January 26, 2015 12:24 pm ET

A merger of packaging companies MeadWestvaco Corp. and Rock-Tenn Inc. will create a new company with nearly $16 billion in annual sales.    More

Image

Auto industry on the hunt for new lightweight materials

January 26, 2015 4:03 pm ET

The auto industry is focusing on lightweighting, and this is igniting a race to find new materials that can meet ever-changing performance needs of...    More

Image

Viking Plastics honored for employee relations

January 26, 2015 12:43 pm ET

Custom injection molder Viking Plastics has won DevelopErie’s 2014 Employer of the Year Award for manufacturing in the Erie, Pa., region.    More

Image

Continental builds low-emission interior trim factory in China

January 26, 2015 12:33 pm ET

Benecke-Kaliko AG is making the largest investment in its history to build an environmentally friendly auto interior trim plant in China, prompted by ...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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