Rane NSK Steering Systems Ltd (RNSSL), one of India’s leading Steering System makers, today inaugurated a new, state-of-the-art production plant at Bawal, Haryana, 80km southwest of Delhi. The ceremony was led by L Ganesh, chairman, Rane Group, and M Degawa, director and executive vice president, NSK Limited, Japan.
RNSSL has invested Rs 377 million in the new facility, with initial annual capacity to produce 200,000 electric power steering systems for vehicle assembly plants in the region. ‘We have decided to invest in this plant keeping in line with our overall strategic growth plans. RNSSL will grow in its chosen segments through expansion, upgraded technology and synergetic diversification. We are also expecting sales revenue of over Rs two billion targeted by the year 2010-11,’ said L Ganesh.
‘The key is close service to our customers in each of India’s manufacturing regions. To overcome logistics challenges and offer minute-by-minute technical support, our plants must be close to the final assembly line. So this new Bawal plant will offer the kind of support our Chennai plants provide in South India,’ said M Degawa.
Completed in just eight months, the 3600sq.m plant offers a vast production area unobstructed by support pillars. Electricity needs have been reduced by maximizing the use of natural light and utilizing high efficiency air-conditioning throughout the building. The plant’s state-of-the-art equipment has been built in Japan by NSK Limited.
The five-acre site in the Bawal Industrial Area also offers ample space for the company’s ambitious expansion plans. With contracts for new business already in hand, RNSSL plans several phases of additional investment.