News On Projects
Products & Services
Projects Database
Tenders Database
E - Newsletter
EPXonline.com
Project Financing
Contracts & Awards
Energy
Electricity
Mining
Oil & Gas
Infrastructure
Airport
Port
Railway
Road
Freezone
Construction
Manufacturing
Cement
Engineering
Automobile
Plastic
Metal
Textile
Paper & Packaging
Leather
Sugar
Edible Oil
Electrical & Electro
Processing
Chemical
Drugs & Pharma
Fertiliser
I-C-T
Communication
IT
Telecom
Water
Pump Station
Water Treatment
Water Supply
Hospitality
Hotel
Restaurant
Resort
Entertainment
Sports
Multiplex
Theme Park
Food & Beverages
Hospital
Service
Social
Science
Irrigation
Government
Policy
Economic Indicators
Company News
Commerce
Miscellaneous
News Uploaded On : Friday, August 11, 2017 10:20:00 AM IND Back  |  Latest Projects  |  Latest Tenders
 
 E-mail this to a friend        Printable version       Story Viewed 3791 Times
Japanese MNC Toray to invest Rs. 1,000 cr in manufacturing facility in Sri City.
Andhra Pradesh Chief Minister N Chandrababu Naidu recently approved a proposal of Toray Industries, a Japanese multinational corporation for setting up a manufacturing unit.

The company plans to invest Rs. 1,000 crore on a unit to make technical textiles in Sri City, as a part of Toray’s India Expansion Plan.

Toray plans to set up the unit on a 109.35 acre site in Sri City located in Chittoor district.

The proposal was approved at a meeting with delegates which included Yukichi Deguchi, Senior Vice President and the General Manager, Katsuyuki Yamada, Director, Shigekaru Suenaga, MD and Jaasthi Krishna Kishore, CEO of AP Economic Development Board, according to a statement from the Chief Minister's Office. The project will provide direct employment to more than 100 people, and indirect employment to around 300 to 400 people.

Toray also informed the foundation stone for the project will be laid next year.

Toray Industries is a leading manufacturer of fibers and textiles, performance chemicals, carbon fiber materials, life science and environment engineering.

With a presence across 25 countries, the company has global sales of $ 9.5 billion dollars as of March 2017.

HBL

Post your comments:

Your name: *
E-Mail Id:
E-mail ID will not be published
Comment: *
Maximum 500 Characters
    
Related Stories
Shapoorji Pallonji group's realty arm plans to launch 6 projects in 2017-18.
After IPO success, Cochin Shipyard lines up Rs. 2,800-cr expansion projects.
Honda Cars gets environmental clearance for Rs. 1,577 cr expansion project.
IOC to invest Rs. 52,000 cr in Paradip refinery post pact with Odisha govt.
BPCL lines up Rs. 18,000 crore for refinery expansion.
ABB India to upgrade 20 sub-stations in Himachal.
KG Basin's Cluster-2 to help ONGC double production in 5-6 years.
Shapoorji Pallonji Group bids for LNG regasification terminal project at Mumbai port.
Visaka to undertake ₹100-cr expansion in Haryana.
Divi's Lab gets geen nod for Rs. 100 cr modernisation project.
RELATED PROJECTS & TENDERS

Projects

... More projects

Tenders

Click here to view Tenders Database
ADVERTISEMENT
MOST POPULAR STORIES NOW
For all enquiries please contact
Tel: 022 - 25961254, 25960909
Mobile: 9821464666/09751178830
Mail: marketing@newsonprojects.com

OUR OTHER PRODUCTS & SERVICES:    Projects Database   |   Project e-Newsletter   |   Tenders Database   |   Commissioned Power Plants   |   Company Index
About Us   |   Contact Us   |   Terms of Use   |   Advertise with Us   |   Privacy Policy   |   Disclaimer   |   Feedback