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Home arrow News arrow New Project news arrow Setco commences operations at new facility in Sitargunj, Uttarakhand
Setco commences operations at new facility in Sitargunj, Uttarakhand Print E-mail
Written by Ganesh   
Tuesday, 20 May 2008
Mumbai: Setco Automotive Ltd (Setco) manufacturers of world renowned ‘Lipe’ clutches for heavy and medium commercial vehicles on 10th last month, inaugurated its state of the art facility set up to cater to the aftermarket clutch requirements of its customer base. Approximately 55 Setco employees based out of this facility will be involved in the manufacture of Setco's new and enhanced, high quality clutch products.

This is a semi-automated assembly line, which will increase Setco's capacity and productivity in India by 150% thus adding the capability to cater to increasing aftermarket needs consistently.

Commenting on the occasion, Mr. Harish Sheth, Chairman & Managing Director, Setco Automotive Ltd., said, “We are very excited to have this new facility up and running. Setting up a plant in Uttarakhand was a strategic decision on our part to emphasize our support to our OEM and aftermarket customers. Apart from this because of the benefits offered by the state, our same high quality products will cost less to manufacture, thus allowing us to give more competitive prices to the end user. This will definitely give us a competitive edge in the market. We are committed to the community and are happy to be here."

Located near Sitarganj, the unit is placed in the rich fertile triad belt, surrounded by lush green fields & forest encompassing wild habitation and is on a 2 acre plot with an investment of Rs. 9 crores. Setco’s new and improved products will be manufactured here to give customers better performance for every rupee spent."

Further, the setting up of this facility would provide leverage in terms of the reliable supply chain to meet the consumer requirements. The capacities freed at Kalol will be used to produce our new and improved product lines to the OEMs and meet their global requirements. It will also allow us production diversity without losing productivity.

The facility will be commencing production immediately after the inauguration. In the next 5 years it will add more products and capabilities and at least triple its employment creating value added jobs for the local community.

 
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