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Schwing Stetter to set up new manufacturing facility

By Niranjan Mudholkar,

Added 12 September 2018

Will be investing about Rs.350 crore in two phases

Schwing Stetter acquired 53 acres of land in Cheyyar, Tiruvannamalai District, Tamil Nadu

Speaking about the announcement, Anand Sundaresan, Vice Chairman and Managing Director, Schwing Stetter India said, "The new facility is core to Schwing Stetter's long-term strategy to expand and reinforce our position as one of India's leading concrete equipment manufacturers. We are hopeful of full cooperation from the Government of Tamil Nadu for their support towards the success of the plant."

V. G. Sakthikumar, Managing Director - Schwing Stetter Sales and Services Private Ltd. said, "Boosting our existing production to cope up with industry demands has been a great challenge for us. With the launch of this new facility, we endeavour to launch a new line of exciting, state-of-the-art products to suit the demands of the global market."

END