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Rieter Automotive sets up plant in Chennai
Chennai, Oct 6 Rieter
Automotive Systems, 100 per cent subsidiary of
Switzerland-based Rieter Group and Nihon Tokushu
Toryo (Nittoku), today inaugurated their new
plant Rieter Nittoku Automotive Sound Proof
Products India at Oragadam near here with an
investment of USD 15 million. "The opening is
the latest step in the company''s ongoing
strategy of expanding in Asia to meet demand in
the region''s booming markets," a company
statement here said. The facility would
currently have 140 jobs at the facilities, which
the company would increase to significant
numbers over the next few years, it said. The
city plant is the fourth facility for Rieter
Nittoku joint venture in Asia, and it would
supply products based on the latest technology
from Europe and Japan, it said.
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Rieter Automotive Systems opened
its first India plant in 2006, manufactures
felt, NVH (Noise Vibration Harshness) and
damping parts.
The facility is spread over 11 acres (45,000 m2)
produces molded carpets, acoustic dashboard
solutions, engine compartment parts and aluminum
heatshields. The next expansion phase would be
in 2011, which would also increase the number of
automotive jobs in the facility.Initially the
facility would serve some of its clients
including Renault Nissan Automotive India and
Toyota Motor India car manufacturing facility,
it said.
