Steelbird International invests Rs 40 crore in new air filter plant
Date: 28 Feb 2018
Steelbird International, one
of India’s leading players in the auto-components industry is expanding its
manufacturing capacity with a new unit at a cost of Rs 40 crore. The new
facility will complement the company's overall production capacity, which is
currently pegged at 60,000 units per day, and will scale it to over 100,000
units, combing air filters, and rubber parts which include dampers, O-rings,
oil seals, mattings, dust covers and foot-rest covers for two-wheelers. Close
to 80 percent of the capacity has already been booked.
Spread over 40,000 square
feet, this hi-tech plant is coming up in the vicinity of its existing plants in
Pant Nagar (Uttarakhand). The state-of-the-art plant is equipped with the
latest machinery and complies with the international standards of quality
control and pollution norms.
Manav Kapur, Executive
Director of Steelbird International, “The time right now is rather scary for
conventional players in the automotive business, but the next three to five
years are still going to see an upward trend. With commitment from our
customers, we decided to invest in this new facility with a vision to recover
the capital over the next three years.”
“Having over five thousand
retail points in the country and five zonal warehouses, network expansion is
another focus on our agenda for growth over the next couple of years”, he
further commented.
The company has its presence
in OEM, Export and Aftermarket sectors.
Greaves Cotton, Tata Ficosa,
Lumax and Royal Enfield remain its key customers in the OEM space. Parts
are also exported to Italy, Germany and neighbouring countries including Sri
Lanka, Bangladesh, and Nepal.
Source: Steelbird