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.'' UNI WS GD 1712