Liners India new foundry @ Coimbatore

CYLINDER LINER manufacturer Liners India is readying its greenfield foundry in Coimbatore to make static castings at an estimated investment of Rs 40 crore. Liner’s thrust to tap newer opportunities in the automotive space will also find it setting up a 100% export oriented unit for steel liners in Chennai as a joint venture with a leading European engineering firm. This facility, meant for export to the US, is likely to be operational by September and will produce 30,000 steel liners a month, CMD S Ganesh told.

Liners is a major manufacturer of centrifugally-cast cylinders and produces two million cylinder liners annually. Its products find application with the automotive sector and the railways. Its Vijayawada facility melts 42 tonnes a day.Liners has acquired four acres near Coimbatore for the 25,000-tonnes per annum capacity foundry. ‘‘Our vision is to become a key player in the auto component business. The new ventures will link us in strategic tie-ups with machine manufacturers. Besides, lots of companies abroad are looking at India as a potential market as well as a low-cost manufacturing destination,’‘ he said.On funding, Mr Ganesh said the company may go public next year. Currently, private equity and internal accruals are being tapped for the Coimbatore project.Liners India has also picked up a 30% stake in a company in Gummudipondi. The new facility will have the capacity to melt 15 tonnes a day and will manufacture centrifugal castings. It has also set up an unit in Uttaranchal to serve the aftermarket. Liners India had a turnoverof Rs 50 crore during the last fiscal and is eyeing a turnover of Rs 75 crore .

Related Posts by Categories

Foundry

• Foundry Complex In Kallapalayam
• Ban Iron Ore Export - Foundry Urged
• LMW Foundry bags Green Foundry Award-2006
• Coimbatore Amex Alloys bags "Best Foundry 2006" award

Business News

• Coimbatore identified for lean manufacturing programme
• Industrial estates for smaller units sought
• BEML opens its Vendor Dev Office !!
• L & T Opens its casting unit !!
• Kannan Departmental Stores on expansion
• Chamber seeks removal of duty for fibre imports
• Tata launches Photon Plus in Coimbatore
• LMW sees increase in capacity utilisation
• Premier mills fory into luxary bed market
• India tops in BPO list !
• Ramco organises programme to explain its products
• Skill development programme
• L&T bags hospital building order at cbe !
• NEPC sets up a SEZ at Palladam !!
• Top Pricol official injured in an Attack
• Swiss delegation explores business opportunities
• Move to derecognise Coimbatore Stock Exchange stayed by HC
• ‘Made in Coimbatore’ expo in Mangalore
• Dresser establishes EOU in Coimbatore
• UNIDO launching new cluster programme !
• Powerloom strike continues.....
• Pump set price may go up !!
• Japanese delegation explores opportunities in semiconductor sector
• Duty Free Shop Inaugurated At Coimbatore Airport
• U.S Consulate Consul General @ Coimbatore