German company Hettich opens Rs.100 crore plant in Vadodara
September 27, 2013
Vadodara, 27 September 2013
Hettich India, the 12-year-old equal-stake joint venture between Saroj K Poddar’s Adventz Group and Germany’s Hettich Group today inaugurated a Rs. 100 crore manufacturing facility to make wire baskets at Vadodara, Gujarat.
There are 10,000 products in the Hettich line and we have started producing one,” S K Poddar (pictured), chairman, Hettich India, said.
The company would spend another Rs 400 crore for expanding the operations and plant, which would also serve as a export hub.
Hettich is one of the world’s largest manufacturers of furniture fittings, with a turnover of over $1.2 billion and presence in 110 countries.
“Over the next five years we are hopeful of adding four to five product lines at our Vadodara facility,” Poddar said.
The Indian unit is Hettich’s second biggest subsidiary outside of Germany.
Andreas Hettich, global CEO of Hettich, said, “Per capita consumption of furniture in India is expected to increase in line with the western world.”
Recent Stories
- First time, the name of our God included in Central govt scheme: Rupala in Rajkot
- ACB Gujarat nabs GISF Supervisor in bribery case
- Harsh Sanghavi reaches Himmatnagar for damage control within party on Sabarkantha seat
- Rupala gets security cover in Rajkot
- Vijaypur by-poll: BJP placates ticket aspirant Govind Patel
- Gujarat Congress's General Secretary resigns
- GujCET 2024: 1.37 lakh students to appear in exam on March 31st