Left Menu
Development News Edition

Hirotech Group inaugurates facility in Coimbatore


Hirotech Group inaugurates facility in Coimbatore

Hirotec Group on Thursday inaugurated its new state-of-the-art stamping die tooling facility here to meet the requirements of car-manufacturers in the country. The Rs 100-crore plant would start building sheet metal stamping dies for the Indian market and achieve an annual manufacturing capacity of 100 dies by 2025, the group president Nori Uno told reporters here.

The company would invest Rs 140 crore over the next 10 years to meet the growing stamping die requirement of the car-makers, he said. Asked about the industrial climate, he said the Rs 100-crore investment in the Coimbatore facility and also the USD 30-40 million in the Mehsana unit in Gujarat was a clear indication that the company was confident of doing well.

The new investments were being made to expand the group's capabilities in the country to address the growing requirements of the automotive market, Hirotec (US) president and CEO of Hirotec India Jim Toeniskoetter said. He said the manufacturing facility was to add more value to Indian customers by supporting the existing hemming and assembly tooling solutions of Hirotec India..

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION/BLOG/INTERVIEW

Beware! Maximum cyber criminals eye your personal data

A report of the World Economic Forum revealed that cyber security is increasingly becoming an issue of public security as the majority of cyber criminals are increasingly targetting individual internet users. This requires preventive measur...

WEF 2020: Trump seems politically correct in pulling out from Paris Agreement

If the survey of the World Economic Forum WEF is believed, Trump seems to enjoy the confidence of his people in flaying climate intuitions and climate activists. His preference for economic development over environmental protection not only...

From home to healthcare, here are Robotic innovations transforming lives

Lovot is equipped with more than 50 sensors such as thermography, microphone array, obstacle detection, and touch sensor to generate motion and emotions in real-time....

Translating words to deeds: Achieving gender parity in access to financial resources

... ...

Videos

Latest News

World News Roundup: Thousands flee northwest Syria; Trump to share Mideast peace plan with Israelis and more

Following is a summary of current world news briefs.Thousands flee northwest Syria as Assad pushes closer to Idlib cityA renewed drive by President Bashar al-Assad to recapture rebel-held territory in Syrias northwest sparked a fresh exodus...

UPDATE 10-Republicans in Trump impeachment face new pressure over witnesses after Bolton book report

President Donald Trumps fellow Republicans in the U.S. Senate came under renewed pressure on Monday to allow witnesses in his impeachment trial, while his defense team ignored new disclosures from a former top White House adviser. The eleph...

HIGHLIGHTS-Tennis-Day nine at the Australian Open

Highlights of the ninth day at the Australian Open, the first Grand Slam tournament of the year, on Tuesday times AEDT GMT11 1105 KENIN, JABEUR ON COURT TO OPEN QUARTER-FINALSAmerican 14th seed Sofia Kenin and Tunisias Ons Jabeur are first ...

UPDATE 1-NBA-Lakers-Clippers game postponed in wake of Bryant death

The Los Angeles Lakers game against the Los Angeles Clippers scheduled for Tuesday at Staples Center has been postponed following the death of Kobe Bryant, the NBA said on Monday. Bryant, who won five NBA titles in a 20-year career with the...

Give Feedback