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Home arrow News arrow Auto component arrow Minda Industries sets up blow-moulding facility at Bangalore
Minda Industries sets up blow-moulding facility at Bangalore Print E-mail
Written by Vijay   
Tuesday, 02 September 2008
Mumbai: Minda Industries Ltd, on August 28, 2008 announced the opening of its latest factory at Bidadi, Bangalore for the manufacture of Blow Moulding Parts.

The facility has been set up in technical colloboration with Kyoraku, Indonesia and will supply blow moulded plastic parts to OEMs including Toyota. The $400 million Kyoraku has a strong client base in Japan and Indonesia for its blow-moulded parts.

The factory has come up in a 2 acre plot with 40,000 sq.ft. of covered area. The installed capacity of the plant is 6,00,000 parts per annum.

The Company will invest a total of Rs 25 Crores in the facility, out of which Rs 10 crores have already been invested.  The Company is targeting Rs 50 Crore topline from this venture in the next few years.

Minda Industries Ltd (MIL) is the listed arm of the Rs1,000 crore NK Minda Group.

About NK Minda Group

The NK Minda Group is already manufacturing 2,3 wheeler and off road vehicle switches, 4 Wheeler switches, Lighting for 2,3 and 4 wheelers, CNG/LPG kits, Horns for 2,3 and 4 wheelers, Mirrors, Automotive Batteries, Blow Moulding Parts, and Body Control Units (BCU). It has 19 manufacturing facilities spread across India and one in Indonesia. The group has a 70% market share in 2 wheeler switches, 50% in 4 wheeler switches, 45% in horns, 80% in CNG/LPG kits for OEM’s, 15% in lighting.

 
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