Hirotec to set up integrated Centre with an investment of Rs. 40 crore

Saturday 06 October 2012, 10:21 AM by

Japan's Hirotec group, which is the leading producer of car doors, is all set to invest a whooping Rs. 40 crore to set up a global engineering centre of excellence and manufacturing. According to a top company official, this would not be constructed as any independent unit but would be built in Hirotec's existing unit in Coimbatore.

Talking about Hirotec's new plans, Chairman Hirotec America and Director, Hirotec Corporation, Katsutoshi Uno said, “The investments are done to establish facilities which would meet Hirotec global standards to facilitate in the production of quality tooling solutions to growth needs of automotive OEMs in India”.

He further said that the integrated facility would become operational by April 2014. Talking about the financial performance, President Hirotec India Takahiro Hayama said that Operations of the company in India had made a turnover of $5 million in 2011-12 which has increased by 100 per cent to $10 million in 2012-13 so far. Hayama further pointed out that once the proposed centre becomes operational, the expected turnover which stands at $25 million in 2013-14 would grow by $5 million to $30 million in 2014-15.

He said that the company, apart from catering to the needs of the domestic auto industry, also planned to export the solutions to many other countries like Japan, Taiwan and China. Hayama also said that the company has not felt any impact of the slowdown witnessed by the automobile sector.