Schwing Stetter to set up new facility worth Rs 350 crore in Tamil Nadu

CHENNAI: Concrete equipment manufacturer, Schwing Stetter India announced on Wednesday its plan to set up a new 53-acre manufacturing facility at an investment of Rs 350 crores in SIPCOT Industrial Area, Cheyyar, Tiruvannamalai District, Tamil Nadu.

The new facility which will be 60 kms away from the company's existing facilities is intended to further focus on meeting the emerging infrastructure needs in India and the company's export potential in Asian and African markets.

The company will be investing Rs 350 crores in two phases. The new site aims to focus on new product launches and support the progression of engineered products from the prototype stage to serial production.


Anand Sundaresan, Vice Chairman and Managing Director, Schwing Stetter India said, “The new facility is core to Schwing Stetter’s long-term strategy to expand and reinforce our position as one of India’s leading concrete equipment manufacturers. We are hopeful of full cooperation from the Government of Tamil Nadu for their support towards the success of the plant.”