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Tokai Rubber To Build Plant In India

Wed, 04/04/2012 - 2:07pm
The Associated Press

NAGOYA, April 4 (Kyodo) — Automotive parts maker Tokai Rubber Industries Ltd. said Wednesday it will build a 1.4 billion yen plant in a suburb of New Delhi to produce anti-vibration rubber for engines and begin mass production in November 2013.

The new plant at the Neemrana industrial zone in Rajasthan is the company's third in India, where domestic and foreign automakers have been expanding production, the company said.

In fiscal 2015, ending March 2016, the company is projecting 1.3 billion yen in sales at the plant. It has around 140 employees.

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