Injection moulding companies to set up a ₹70-crore plastic parts unit in TN

To produce plastic parts for electric scooters, injection moulding companies United Industries Plastic and VTK Industries established a production facility in Tamil Nadu under the joint venture (JV) name UI Auto Plastic.

The factory was opened on May 9, 2023, on a 10-acre location in Bargur SIPCOT, Pochampalli, Tamil Nadu, with an initial expenditure of Rs 70 crore.

In order to address the rising need for high-quality automobile parts such external parts, seat base assemblies, charger and motor components, battery holders, and others in the quickly growing market for electric scooters, the plant will produce a variety of plastic components.

 

Site Moved. Visit our New Website

We have moved this news site from this URL to https://www.newprojectstracker.com/capex-news .

Visit this site for regular updates

Buy Latest Research Reports

Jayaparakash Sampath

Founder & CEO at NPT Research Information Services

Related Posts