Setco Automotive Ltd., manufacturers of the world renowned ‘Lipe’
clutches for heavy and medium commercial vehicles, has inaugurated its
state-of-the-art facility set up to cater to the aftermarket clutch
requirements of its customer base. About 55 Setco employees based out of
this facility will be involved in the manufacture of Setco’s new and
enhanced, high-quality clutch products. This is a semi-automated assembly
line, which will increase Setco’s capacity and productivity in India by
150% thus adding much-needed capability to cater to the increasing
aftermarket needs consistently.
Speaking on the occasion, Harish Sheth, Chairman & Managing Director,
Setco Automotive Ltd, said, “We are very excited to have this new facility
up and functioning. Setting up a plant in Uttarakhand was a strategic
decision on our part to emphasize our support to our OEM and aftermarket
customers. Apart from this, because of the benefits offered by the state of
Uttarakhand, our same high quality products will cost less to manufacture,
thus allowing us to give more competitive prices to the end user. This will
definitely give us a competitive edge in the market. We are committed to the
local community and are happy to be here.”
Located near Sitarganj, the unit is placed in the rich fertile triad belt,
surrounded by lush green fields and forest encompassing wild habitation on a
2-acre plot, with a total investment of Rs 9 crores. Setco’s new and
improved products will be manufactured here to give customers better
performance for every rupee spent.
Further, the setting up of this facility would provide the company leverage
in terms of a reliable supply chain to meet the consumer requirements. The
capacities freed at its current plant at Kalol will be used to produce new
and improved product lines for OEM customers and also meet Setco’s global
requirements. It will also allow Setco to undertake production diversity
without losing productivity.
The new facility will be commencing production immediately after
inauguration. In the next 5 years, it will add more products and
capabilities, and at least make a three-fold increase in employment
prospects, thus creating value for the local community.
|
