Japanese firm Daicel Corporation to set up airbag inflator manufacturing plant in Chennai
Until now, Daicel has been supplying products to the Indian market from its production site in Thailand and other countries.
Share Via Email
| A+A A- By Express News Service
CHENNAI: Japan-based Daicel Corporation will be setting up an airbag inflator manufacturing plant at CapitaLand’s OneHub Chennai, an industrial township located on Old Mahabalipuram Road with a planned investment of about Rs 230 crore in the first phase. The firm will start its operations by December 2023.
Until now, Daicel has been supplying products to the Indian market from its production site in Thailand and other countries. “However, due to the growth potential of the Indian automobile market, and the need to strengthen automobile manufacturer and airbag module manufacturer supply chains in India, we have decided to establish a local production site at OneHub Chennai. We will further strengthen ou
Daicel to set up automobile airbag inflator manufacturing plant at CapitaLand’s OneHub Chennai
SECTIONS
Share
Synopsis
Vinamra Srivastava, CEO, Business Parks, CapitaLand India, said: “We welcome Daicel to India and join OneHub Chennai’s growing community of leading multi-national companies.
The plant will meet growing demand for automobile airbag inflators in the country.
Bengaluru: Daicel Corporation, headquartered in Osaka, Japan, will be setting up an airbag inflator manufacturing plant at CapitaLand’s OneHub Chennai, a next generation industrial township located on Old Mahabalipuram Road, Chennai. It will be Daicel Corporation’s first airbag inflator manufacturing plant in India with a planned investment of about Rs 230 crore in phase 1.
TN: Daicel Corp to invest Rs 230 cr in airbag inflator plant daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
The plant, spread across 30 acres, will meet growing demand for automobile airbag inflators in the country. Daicel is scheduled to start operations by December 2023