TI Diamond Chains expands production facility

CHENNAI: TI Diamond Chains, a unit of Tube Investments of India, part of the diversified USD 3.8 billion Murugappa Group, has expanded its production facility at an investment of Rs 30 crore.

The Chennai-based company recently opened the expanded facility in Hyderabad, TI Diamond Chains said in a statement.

With the expansion, TI Diamond Chains production capacity of two-wheeler automotive chains would be increased by 20 per cent, it said.

"The facility has been set up with the state of the art equipment to be run with the best in class practices," said Tube Investments of India Chairman M M Murugappan. He is also Murugappa Group Vice-Chairman.

The expanded facility would enable TI meet the growing demand from its auto-customers, with much higher levels of quality and reliability, he added.