Schwing Stetter to set up new facility worth Rs.350 crore in Tamil Nadu - Feedback

Concrete equipment manufacturer, Schwing Stetter India announced on Wednesday its plan to set up a new 53-acre manufacturing facility at an investment of Rs.350 crores in SIPCOT Industrial Area, Cheyyar, Tiruvannamalai District, Tamil Nadu.

New facility which will be 60 kms away from the company’s existing facilities is intended to further focus on meeting the emerging infrastructure needs in India and the company’s export potential in Asian and African markets. Company will be investing Rs 350 crores in two phases. The new site aims to focus on new product launches and support the progression of engineered products from the prototype stage to serial production.

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