# Schwing Stetter India signs MoU for INR 237 crore concrete equipment plant in Cheyyar, Tamil Nadu

Schwing Stetter India signed an MoU with the Tamil Nadu Government at the Global Investors Meet 2019 to invest INR 237 crore immediately in a new plant in Cheyyar, scaling to INR 350 crore over four years, with 200 jobs planned.

- Type: New facility
- Announced: 2019-01-23
- Where: Cheyyar, Tamil Nadu, India
- Value: $33.9M (2.37B INR)
- Jobs: 200
- Status: announced
- Products: truck-mounted concrete boom pumps, self-loading mixers, road machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Schwing Stetter India](https://endata.com/companies/3867.md) (investor)
- [Government of Tamil Nadu](https://endata.com/companies/4563.md) (partner)

## Sources

- [schwingstetterindia.com](http://www.schwingstetterindia.com/news/schwing-stetter-india-signs-mou-tamil-nadu-government-during-global-investors-meet-2019), 2019-02-03: "Schwing Stetter India has committed an immediate investment of INR 237 crores in a new plant in Cheyyar on State Industries Promotion Corporation of Tamilnadu Ltd (SIPCOT) land."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.