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Daicel to set up automobile airbag inflator manufacturing plant at CapitaLand’s OneHub Chennai, Auto News, ET Auto

Bengaluru: Daicel Corporation, headquartered in Osaka, Japan, can be establishing an airbag inflator manufacturing plant at CapitaLand’s OneHub Chennai, a subsequent technology industrial township situated on Outdated Mahabalipuram Highway, Chennai. It is going to be Daicel Company’s first airbag inflator manufacturing plant in India with a deliberate funding of about Rs 230 crore in section 1.

Vinamra Srivastava, CEO, Enterprise Parks, CapitaLand India, stated: “We welcome Daicel to India and be part of OneHub Chennai’s rising neighborhood of main multi-national corporations. OneHub Chennai provides the correct eco-system and plug-and-play infrastructure for the corporate’s manufacturing plant. We’re excited to be a part of Daicel’s essential milestone and stay up for assist their development in India.”

The plant will meet rising demand for automobile airbag inflators within the nation. Daicel is scheduled to begin operations by December 2023.

Takase Yoshifumi, Managing Director, India Operations, Daicel Company, stated: “Till now, now we have been supplying merchandise to the Indian market from our manufacturing website in Thailand and different nations. Nonetheless, because of the development potential of the Indian automobile market, and the necessity to strengthen vehicle producer and airbag module producer provide chains in India, now we have determined to determine a neighborhood manufacturing website at OneHub Chennai. We’ll additional strengthen our presence within the Indian market by way of steady manufacturing and provide of merchandise, contributing to the event of the Indian economic system by way of each inflator manufacturing and elements’ procurement within the nation.”

Earlier throughout October 2018, in response to development within the Indian vehicle market and the tightening of security rules, Daicel established a gross sales base (Daicel Security Programs India Pvt. Ltd., DSSI, Gurugram, Haryana).

OneHub Chennai (OHC) is developed by CapitaLand in a three way partnership with IREO and Japanese Consortium comprising Mizuho Financial institution and JGC Company. The1250-acre (506 ha) future-ready enterprise metropolis is situated inside Larger Chennai, on Outdated Mahabalipuram Highway, the expansion hall of Chennai.

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