Automotive glassmaker Asahi India announced on 27 August that it will invest about INR 140 crore in expanding its laminated glass capacity up to 5.3 million units per year within the next year.
We ar…
Automotive glassmaker Asahi India announced on 27 August that it will invest about INR 140 crore in expanding its laminated glass capacity up to 5.3 million units per year within the next year. We are going to ramp-up our laminated glass business for which the company will invest INR 130-140 crore in the next 12 months, Asahi India Glass managing director and CEO Sanjay Labroo said during the Automotive Component Manufacturers Association of India (ACMA) summit. The company will, he added, expand capacity up to 5.3 million units from the existing 3.5 million units per annum. When asked about the company“s revenue target, Labroo said, We are expecting total group turnover of INR 1,700 crore in this fiscal … In 2009-10 our sales were about INR 1,450 crore. Asahi has production facilities across India at Bawal (Harayana), Roorkee (Uttarakhand), Chennai and Mumbai.