MFB sets up automated plant for auto components

Chennai, Jun 7 (UNI) Leading auto parts manufacturer Mudhra Fine Blanc (MFB) has set up an 18-crore fully automated plant at SIPCOT here to produce large scale blanked components mainly for automotive applications.

The new plant will feature fine-blanking Presses from Swiss-based company 'Fientool Technologie AG'.

"These Presses represent the latest generation of fine-blanking technology and it would be first of its kind in India", Company Chairman S Thyagarajan told newspersons here today.

"With this objective, we have partnered with 'Feintool', the global leader in fine-blanking technology and equipment, to set up this plant," he added.

"This new facility would establish MFB as a world-class supplier of fine blanked components and systems in the automotive industry in India and overseas", he said adding "MFB would produce about 100 million components per year." He said "with find blanking capability, Mudhra would be in a position to address a wide spectrum of customer's requirements in metal forming, high volume metal stampings and other demanding engineering applications." "The group's tool design and manufacturing capability would be further enhanced by additional investments in the tool room", he said adding "Mudhra's group turnover, from its existing operations, fine blanking project and expansion in the tooling business, is projected to grow three-fold in the next 24 months." UNI