Japanese company to set up die casting unit
Ahresty of Japan is setting up an aluminium die casting unit
in India. With many Japanese automakers operating in this country, Ahresty plans
to capture a major chunk of the aluminium die casting market. According to the
company, by setting up a unit in India it can enhance its ability to respond
flexibly to onsite production by Japanese auto manufacturers. Also, the proposed
plant will help the company to expand its die casting business in Asian markets.
The company is planning to set up 10,000 tpa capacity aluminium die casting unit
in Rewari district, Haryana, with an investment of Rs 1 billion. The proposed
unit will be set up on six hectares of land. The company is planning to start
production in the autumn of 2008.
[22 October 2007]