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Home arrow News arrow Auto component arrow Tube Investments of India Inaugurates Automotive Chain Plant in Uttarakhand
Tube Investments of India Inaugurates Automotive Chain Plant in Uttarakhand Print E-mail
Written by Anand   
Wednesday, 15 October 2008
Haridwar, Uttarakhand: TIDC INDIA a division of Tube Investments of India (TII), one of India's leading manufacturers of automotive, industrial chains and precision fine blanked components, today announced the inauguration of its automotive chain plant in Uttarakhand state. The Group would be investing Rs 33 crores into the facility that has a capacity to manufacture 5 lac feet of drive and timing chains. The facility was inaugurated by Mr. M A Alagappan, Executive Chairman, The Murugappa Group.

During the inauguration, Mr. Alagappan, said, “We believe in being closer to our customers and are confident that our manufacturing facility in Uttarakhand will enable us to increase our production pace to meet the local demands”. He further added, “CUMI, a leading abrasive manufacturer and part of the Murugappa Group, already has a plant in the state and plans are afoot by Tube Investments of India Ltd to manufacture other products also, in Uttarakhand state”.

The plant is located at Laksar which is 22 km away from Roorkee. With the Uttarakhand facility, TIDC India has now three manufacturing facilities in India. This facility will cater to the requirements of drive and timing chains of leading two wheeler manufacturers and also meet the additional demand in the automotive replacement market.

About TIDC

TIDC, a division of Tube Investments of India, part of the Murugappa Group, is India’s leading manufacturer of power transmission chains for the industrial, automotive and agricultural segment and is part of the $ 2.4 Billion Murugappa Group. TIDC India was established in 1960 and today is the undisputed market leader in both the industrial and automotive chains. The company made a foray into Fine Blanking in line with its vision of becoming a prominent global player in power transmission components and is now a major supplier of FB components to the automotive industry. Currently about 35% of its turnover is from exports, an indication of its growing global presence.

About the Murugappa Group

Headquartered in Chennai, the Rs.9582 Crore (USD 2.4 billion) Murugappa Group is India’s leading business conglomerate. Market leaders in diverse areas of business including Engineering, Abrasives, Finance, General Insurance, Cycles, Sugar, Farm Inputs, Fertilizers, Plantations, Bio-products and Nutraceuticals, its 29 limited companies have manufacturing facilities spread across 13 states in India. The organisation fosters an environment of professionalism and has a workforce of over 30,000 employees. The Group which has forged strong joint venture alliances with leading international companies like DBS Bank, Mitsui Sumitomo, Cargill, Foskor, China Engineering & Exploration Bureau and Groupe Chimique Tunisien, has consolidated its status as one of the fastest growing diversified business houses in India.

 
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