Q: Heard about the new Hirotec facility that is coming up soon in Coimbatore. Guys have anymore info on this, and also how is it going to afffect the market prices around the area?
Yes the news is genuine. They are setting up the plant at Keeranathan. In fact the director of Hirotec himself claims to have seen tremendous potential in India, and that's why he took this step.
The project is spread over a 7200 sq. m of land, and the total amount already invested in this is Rs 25 crores. It might turn out to be one of the major frontrunners of employment in the city.
Yes, basically it will be into automotive hemming systems, and closure (doors, hood and decklid) assembly lines for passenger car manufacturing. The facility is going to be pretty big, so plenty of investment opportunities coming up. Get ready Coimbatore!
Yeah I know, the same company that makes car doors and exhaust systems, right? Yeah they have invested Rs.40 crore in a new, integrated design and manufacturing facility here in Coimbatore