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Home arrow News arrow Business News arrow Ashley Alteams commissions Rs.130 crore manufacturing facility in Cheyyar
Ashley Alteams commissions Rs.130 crore manufacturing facility in Cheyyar Print E-mail
Written by Krishna Kumar   
Thursday, 21 January 2010
Chennai: Ashley Alteams India Pvt. Ltd (AAIPL), a 50:50 joint venture between Ashok Leyland and Alteams OY, Finland, today inaugurated it's Rs.130 crore manufacturing facility in Cheyyar, near Kanchipuram. Alteams OY is a Light Cast Metal Component manufacturer headquartered at Finland.

The new facility will produce high precession aluminium High Pressure Die Cast components for the automotive and telecommunication sectors both for the domestic and international markets. The facility has an initial annual capacity of 7000T which will be enhanced to 10000T per annum progressively. The initial installed capacity can generate annual sales of Rs. 180 crores.

With subsequent capacity expansion and value addition, sales is expected to touch Rs. 500 crores in 5 years. At present AAIPL employs 135 skilled personnel that will grow to 200 by March 2011, along with a work force of 250 outsourced employees.

“HDPC technology is increasingly finding favour with the automotive and telecom industries, due to its high quality, weight efficiency and economy of higher volumes.  With these industries on a growth path, we are advantageously placed to meet their requirements quickly and efficiently,” said Mr. R. Seshasayee, Chairman, Ashley Alteams India Pvt Ltd. “There is a huge potential for exports which we shall start to tap in our second year of operation,” he added.

Mr. Petteri Wallden from Alteams OY said, “After having established a significant presence in Europe and China, the next big move was to enter the robustly growing Indian telecom market. With a partner like Ashok Leyland, we are well-equipped to capitalize upon the opportunities offered by both the telecom and the automotive sectors in India.”

Ashley Alteams is part funded by Finnfund, set up by the Finnish government to fund Finnish business projects outside of Finland. Technical assistance will be provided by M/s. Alteams Oy, pioneers in the field of Aluminium Die Casting.  This includes core technologies like Die Design, Manufacturing, Selection of High-End Fully Automatic Casting, CNC Machining cells and testing facilities. Apart from state-of-the-art testing facilities, several stringent online and off line quality control measures have been put in place to ensure consistently superior quality. The Company has already been issued with Certificate of Conformance by TUV for TS 16949 standards and is working towards getting accreditation of ISO 14001 and OHSAS.

Some of AAIPL’s key customers include Ashok Leyland, Knorr Bremse, Cummins in the automobile segment, Nokia Siemens Networks, Ericsson in the telecom field and EMS suppliers like Sanmina and Elcoteq.

As a part of it's Corporate Social Responsibility initiatives the company has begun taking varius steps which include providing drinking water to schools, donating stretchers, wheel-chairs, air-conditioners and emergency lighting to primary health centres, and sponsoring students for higher studies.

Towards environment protection, the Company has invested in an efficient rain water harvesting plant. Besides, a green belt of 6,000 sq. mtrs. has been created on the premises.

The facility was inaugurated by Tamil Nadu Deputy Chief Minister Dr. M K Stalin along with Ms Suvi Linden, Minister of Communications, Government of Finland.

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