Emcon Technologies India opens new plant in Chennai
Chennai, Apr 8 (UNI) Emcon Technologies India, a joint venture between the US-based Emcon Technologies and Anand Automotive Systems, has inaugurated its new state-of-the-art manufacturing plant in the city.
Emcon Technologies, one of the world's leading emission solutions provider, and Anand Automotive Systems, India's leading manufacturer of automotive components and systems, have together invested four million US Dollars in this project.
A further investment of ten million Dollars had been envisaged, Emcon Technologies CEO Lee Gardner told a press conference here today.
The new plant had state-of-the-art production equipment imported from the UK to produce exhaust systems, including catalytic converters, side impact beams, reinforcement panel assembly for the automotive industry, he said.
The new facility employed 60 people and the company was considering the possibility of setting up an additional facility in Western India. With this new plant and an upcoming greenfield project at Singur, the company expected to achieve a turnover of 50 million Dollars by 2011, he said.
Mr
Gardner
said
''Emcon
Technologies
India
is
the
only
emission
solutions
provider
having
a
design
facility
in
India.
Our
vision
is
to
make
it
the
leader
in
the
Indian
market.
Emcon
Technologies
India
is
making
key
contribution
to
achieving
the
global
strategic
goal,
which
is
to
generate
five
per
cent
of
the
company
sales
from
Asia.'' Mr
C
S
Patel,
CEO,
Anand
Automotive
Systems,
said
''Chennai
is
an
important
location
for
Emcon
Technolgies
India,
but
we
are
expanding
to
East
India
and
exploring
the
possibility
of
a
plant
in
West
India.
The
inauguration
of
this
new
plant
provides
us
business
opportunities
offered
by
one
of
the
world's
fastest
growing
automotive
markets.''
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