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Schwing Stetter India inaugurated a new IoT-enabled global manufacturing facility at Cheyyar, near Chennai, built with an investment of ₹300 crore on a 52-acre site. The plant will employ about 130 people initially and serve as a global hub for concrete pumps, mixers and excavators.
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.
Schwing Stetter India announced a new 53-acre concrete equipment manufacturing facility in SIPCOT Industrial Area, Cheyyar, Tamil Nadu, with an investment of Rs 350 crore in two phases.