Schwing Stetter India signs MoU for new plant in Cheyyar

Schwing Stetter India signed an MoU with the Tamil Nadu Government to invest Rs 2.37 billion initially (scaling to Rs 3.50 billion over four years) in a new 53-acre plant in Cheyyar for producing concrete boom pumps, self-loading mixers, and XCMG road machinery, creating 200 jobs.

“The new unit is a step towards strengthening Schwing Stetter’s commitment to the Indian market and focus on to meet the emerging infrastructure boom in India and export potential in Asia and African markets.”equipmentindia.com

• 1 source
• equipmentindia.comSchwing Stetter India signs MoU with Tamil Nadu GovernmentJan 24, 2019

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