Menon Bearings, India
Kolhapur, India: Autoparts manufacturer Menon Bearings is planning to invest Rs 15-crore (US$2.2 million) in a factory for automobile components, ETAuto reported. The factory will be located at Kolhapur, where the company is headquartered.
The line is set to produce bearings, bushes and washers, said Menon Bearings’ managing director RD Dixit. The company produces 2.5 million auto components annually. With the new unit, the production capacity is expected to reach four million per annum. Mr Dixit also added that the company is diversifying its business and is concentrating on high value added products.
APMEN Sept 2016, News
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