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Mei Ta, Taiwan to set up auto component manufacturing base at Naidupet
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Tuesday, 24 June 2008

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Mei Ta to invest Rs Rs 600 crore at APIIC – Multiproduct SEZ, Pellakuru (M), Naidupet 

Hyderabad: A Memorandum of Understanding (MoU) has been signed by Mr Chen Yu San, Chairman of Mei Ta group and Mr B Sam Bob, Principal Secretary, Industries, Government of Andhra Pradesh, on Friday, for setting up an auto component manufacturing base in Naidupet Industrial park.

The MoU was signed in the presence of Chief Minister Dr Y S Rajasekhara Reddy, minister for major industries Dr J Geeta Reddy. B P Acharya, chairman & managing director, APIIC, Commissioner, Industries, N.K.Prasad and other officials were also present.

Mei Ta Industrial Company, Taiwan will invest Rs 600 crore in a phased manner. The Mei Ta project will come up on 230 acres of land at APIIC – Multiproduct SEZ, Pellakuru (M), Naidupet, Nellore District. Of the 230 acres, 210 acres is SEZ land and 20 acres in the DTA (Domestic Tariff Area).

In order to save time Mei Ta will adopt the structure and design of its parent company in China. The first phase of operations is expected to commence next year – 2009.

This project is expected to provide direct employment to 5000 and indirect employment to 15,000 people. The company plans to recruit engineers through campus placement and provide them training in China. After their employment at the Naidupet plant, they would be able to train the subsequent batches.

Mei Ta's proposed lines of activity include: Auto components, Foundry, Engineering Industry, Machining and Material.

Mei Ta is reported to be currently working on creating a vendor base for the components.

Taiwanese and Chinese Companies proposing to set shops in the 230 acres of land:
- Mei Ta Machining
- Streit Machining
- WAY SIA Machining equipment
- NWS Foundry and Machining
- DSP Foundry and Machining
- DALF Foundry and Machining

Though, initially, Mei Ta proposed to set up shop in the state of Maharashtra, the company opted for Andhra Pradesh attracted by the facilities it offered.

About Mei Ta Industrial Company, Taiwan

Established in August 1977, Mei Ta began its operations in China from March 1998. Presently Mei Ta has its business presence in France, China and Taiwan.

Since 1995, until now the company has made a total investment of US$ 120 million and has 4029 employees (Total)

Production capacity : Foundry – 1,00,000 Metric tons per year,  Machining – 10,000,000 pieces per year, Material - Alloy, Ductile and Grey Iron

 
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