This greenfield project, with an investment of INR 100 crore (Approximately USD 12 million), will be installed at land adjacent to its already functional Kaharani plant in Bhiwadi, Rajasthan. The new facility will be fully operational by October 2025.
Moriroku group with a legacy spanning over 360 years and 75 years as global auto parts supplier with strong R&D capabilities, has presence in India since 1997 and is a major plastic parts supplier to Honda. With this new investment, MTI will work more closely with Honda to provide high-quality and value-added products and will seek to expand its base with other potential automotive OEM’s in India.
The ground breaking ceremony was attended by Morioku Technology Director & Executive Managing Officer - Hideo Tsukai, and Executive Officer – Yasushi Nakao along with many other dignitaries from Honda, all local management of MTI & other key project associated stakeholder.
In his speech, MTI Managing Director Tetsuyuki Nakano mentioned, “Demand for high quality automobile plastic parts is expected to increase and there is also highlighted interest in customer demand for superior quality interior & exterior fit - finish in automobile. With the establishment of this new advanced paint line, we aim to set a new quality benchmark in India.
Director Hideo Tsukai remarked “India has great potential to be the future business power centre of world and with our already established strong roots here, Moriroku is committed to expand its base in India, while continuing to transfer the latest technology with a robust focus on Sustainability”.
At the occasion, Yasushi Nakao, Global Purchasing officer highlighted that Moriroku now views India as a key export destination for other Moriroku Asia plants. “India is a highly competitive market, and MTI operations are already tuned and capable to meet global QCD standards with SDG compliance as primary management policy.
Deputy MD Shalabh Sangal concluded the event by stating, “This new investment marks a new beginning for MTI. The latest technology and accumulated know-how transferred from our parent company will provide us with a great opportunity to support and serve our esteemed customers with outstanding quality standard products. He also emphasised that with evolved management principles on sustainability including shared values is already in our roots and MTI’s each management action will be proactively aligned with the Moriroku future global vision”.
This significant investment underscores Moriroku’s commitment to expanding its footprint in India and advancing the quality standards of automobile plastic parts in the region.
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