Chennai (Tamil Nadu) [India], November 25 (ANI/NewsVoir): The Chennai based Shibaura Machine India Private Limited (SMI) is a subsidiary of Japan's Shibaura Machine, the leading manufacturer of high-precision injection moulding machine in the world, has announced its plans to invest Rs.225 crore in India primarily to expand its manufacturing capacity in Chennai, India. SMI has a world class facility in Chembarambakkam, Chennai that manufactures about 1200 Injection Moulding Machines a year and its Auxiliary equipment. The machines find their applications in automotive, electrical, household & furniture, material handling, medical, packaging, preforms, PVC, toys, writing instruments, and other industries. The company has a growing customer base in India and over 45 countries in North America, the Middle East, East & West Africa, and the SAARC region. With the new investment plan, the manufacturing capacity of SMI will be increased to 3200 machines a year in a phased manner.
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