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Kitagawa establishes chuck plant in India in anticipation of demand increase for machine tools

Kitagawa establishes chuck plant in India in anticipation of demand increase for machine tools

June 24, 2019

Kitagawa announced on May 10, 2019 that its affiliated corporation in India will build a lathe chuck plant in Bangalore in India. The investment amount is 400 million yen. The completion of new plant is scheduled to be in November 2019.

Kitagawa aims to achieve annual production of 6,000 units and sales of 1 billion yen by 2022. Kitagawa expects further growth in machine tool demand in India.

The company intends to improve the production efficiency of chucks and improve technological capabilities by establishing a new factory.

Source:SEISANZAI MARKETING Magazine June 2019 issue

Related Topics

India

Kitagawa

lathe

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