Schwing Stetter India announced its plans to set up a new manufacturing facility in SIPCOT Industrial Area, Cheyyar, Tiruvannamalai District, Tamil Nadu which is 60 km away from their existing facilities. The new unit, spreading over 53 acres, is a step towards strengthening Schwing Stetter's commitment to the Indian market and focus on to meet the emerging infrastructure boom in India and export potential in Asia and African markets. Schwing Stetter India have made the payment towards the cost of the land to SIPCOT today.
Schwing Stetter will be investing about Rs.350 crore in two phases towards installing this technology-enabled and environmentally-sustainable manufacturing facility. The new site aims to focus on new product launches and support the progression of engineered products from the prototype stage to serial production.
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