# Nidec Machine Tool starts production in new building at India cutting tool plant

Nidec Machine Tool built a new building at its existing cutting tool factory in Ranipet, Tamil Nadu, India, and started production in July 2023. The investment of about 500 million yen will increase production of hob cutters and other cutting tools by 1.5 times.

- Type: Expansion
- Announced: 2023-07-06
- Where: Ranipet, Tamil Nadu, India, India
- Value: $3.50M (500.0M JPY)
- Starts operating: Jul 2023
- Status: completed
- Capacity: 1.5 times increase in cutting tool production
- Products: hob cutters, cutting tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Nidec Machine Tool](https://endata.com/companies/57941.md)

## Sources

- [nikkei.com](https://www.nikkei.com/article/DGXZQOUF266I20W3A620C2000000/), 2023-07-06: "新棟の稼働で、建設機械や農業機械の需要が高まるインドのニーズに対応する。"

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