TOKYO (April 4, 2012)—Tokai Rubber Industries Ltd. said it plans to invest $15.7 million to add a factory and other facilities to support demand for automotive rubber products in India.
The factory buildings will have an area of 28,000 square feet and will make automotive AVS products, due on stream in November 2013, Tokai said.
This plant will be located in the Neemrana Industrial Park south of Delhi city-center and is expected to employ 140 by 2015, the company said.
The company brought its first Indian AVS unit on stream in January of this year, at a plant near Bangalore. The new plant is being added to improve logistics and transportation to customers in the northern part of India, Tokai said.
In addition, Tokai said it expects to build a rubber hose plant in Faridabad in northern India.