New Launch10 Dec 2024, 03:06 am
LGB Forge to Set Up New Hot Forging Plant in Coimbatore
AI Summary
LGB Forge Ltd. has announced its plan to set up a new Hot Forging Plant in Coimbatore. The new plant, which will be situated at SF 308/2B, Kondampatti Village, Kinathukadavu, Coimbatore — 642 109, is expected to increase the company's manufacturing capacity significantly. The company aims to add a proposed capacity of 0.90 Million pcs per annum by January, 2025. The project will be financed through internal accruals.
Key Highlights
- LGB Forge to set up a new Hot Forging Plant in Coimbatore
- Plant to be situated at SF 308/2B, Kondampatti Village, Kinathukadavu, Coimbatore — 642 109
- Proposed capacity addition of 0.90 Million pcs per annum
- Project to be financed through internal accruals
- Expected to increase the company's manufacturing capacity significantly