Chennai, September 12th, 2018: Schwing Stetter India, one of India’s leading concrete equipment manufacturers today announced its plans to set up a new manufacturing facility in Sipcot Industrial Area, Cheyyar, Thiruvannamalai District, Tamil Nadu which is 60 kms away from their existing facilities. The new unit, spreading over 53 acres, 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. Schwing Stetter India have made the payment towards the cost of the land to Sipcot today.
Schwing Stetter will be investing about 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.
Speaking about the announcement, Mr.Anand Sundaresan, Vice Chairman and Managing Director, Schwing Stetter India said, “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. We are hopeful of full cooperation from the Government of Tamil Nadu for their support towards the success of the plant.”
Mr. V. G. Sakthikumar, Managing Director, Schwing Stetter Sales and Services Private Ltd. said, “Boosting our existing production to cope up with industry demands has been a great challenge for us. With the launch of this new facility, we endeavor to launch a new line of exciting, state-of-the-art products to suit the demands of the Global market.”
About Schwing Stetter India Private Limited: Incorporated in June 1998, and commencing its manufacturing operations in 1999, Schwing Stetter India is a 100% subsidiary of Schwing GmBH, a 1 billion USD German concrete machinery manufacturer and a part of XCMG group. Schwing Stetter is a pioneer in manufacturing equipment for concrete preparation, placement, transportation and recycling. Schwing Stetter (India) Private Limited manufactures concrete batching plants, concrete mixers for transporting readymade concrete to construction sites, concrete pumps, truck mounted concrete boom pumps, concrete placing booms, tower cranes, self-loading mixers and concrete recycling plants. They cater to the requirement of infrastructure developers and also act as an OEM supplier to various cement companies who offer ready mix concrete. Schwing Stetter has its manufacturing units in 11 countries including Germany, Austria, USA, Brazil, Russia, China, Ostrava, India supported by sales and service centres in France, Netherlands, Austria and Sweden as well as representations in more than 145 countries worldwide.(http://www.schwingstetterindia.com/Product-Enquiry)