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Rockman Industries to set up INR 540 crore plant in Andhra-The 21st China(Guangzhou) Die-casting, Foundry & Industry Furnace Exhibition
8/21/2019 压铸展-铸造展- Die-casting expo-foundry expo |
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IANS reported that Rockman Industries Ltd, an auto components manufacture, will up an alumiSnium die-casting plant in Chittoor district of Andhra Pradesh with an investment of INR 540 crore. Chief Minister N Chandrababu Naidu accepted their proposal. The proposed investment will be made over six years, generating 1,600 direct jobs.
Mr V Veerappan director of Rockman Industries met Naidu in the presence of Andhra Pradesh Economic Development Board CEO Jaasthi Krishna Kishore and discussed the proposal for the production of die cast parts along with other components for the two and four-wheeler market.
The expected turnover from the facility would be around INR 600 crore per year.
A part of Hero MotoCorp Group, Rockman manufactures motorcycle parts and four wheeler alloys at their plants in Ludhiana, Bawal and Chennai. It has a turnover of INR 2,105 crore and employs over 4,000 people throughout India.
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