 "Tube Investments opens large tube manufacturing plant in Tamil Nadu")
The Murugappa Group company Tube Investments of India (TII) is foraying into the high precision large diameter tubes market with the inauguration of its large diameter tubes manufacturing plant at Tiruttani, Tamil Nadu, on October 30, 2014. The company at present has capabilities to manufacture tubes upto 4.5 inch diameter and with the new plant, it would be able to manufacture precision tubes with diameter upto 7.5 inch.
The new plant will cater to the needs of the infrastructure market, such as hydraulic cylinders, propeller shafts and other large diameter tube applications. The facility, built will an investment of Rs 250 crore, has an installed capacity of 11,000 tonne per month and this would cater to the market requirements, which is mainly being served through imports at present, said the company management.
L Ramkumar, Managing Director, Tube Investments of India, said, "With the operation of the plant we would be able to serve the needs of the off road vehicle and construction industries."
According to him, the company is expecting the large diameter tubes business bring in a revenue of around Rs 400 crore, in full capacity for the first three years. Most of the products in the segment in the market at present are imported and the company see a clear opportunity in capturing these markets.
The facility would help the company to capture the Indian market from the imported products and also export to countries such as Europe and US, said M M Murugappan, Vice Chairman of Murugappa Group and Chairman of TII.
The product range to be manufactured here include a wide variety of tubes with a diameter range of 60mm to 180 mm and thickness from 4mm to 12.7mm. It would address applications such as hydraulic cylinders used for earthmoving and construction machinery, propeller shafts for high payload vehicles and rear axle tubes for Utility vehicles, Structural applications for Airports, Stadia, Industrial sheds and other large buildings and public utilities and automotive chassis applications, among others.
FOR COMPLETE REPORT READ: Tube Investments eyes Rs 400 cr revenue from large tube market
The new plant will cater to the needs of the infrastructure market, such as hydraulic cylinders, propeller shafts and other large diameter tube applications. The facility, built will an investment of Rs 250 crore, has an installed capacity of 11,000 tonne per month and this would cater to the market requirements, which is mainly being served through imports at present, said the company management.
L Ramkumar, Managing Director, Tube Investments of India, said, "With the operation of the plant we would be able to serve the needs of the off road vehicle and construction industries."
According to him, the company is expecting the large diameter tubes business bring in a revenue of around Rs 400 crore, in full capacity for the first three years. Most of the products in the segment in the market at present are imported and the company see a clear opportunity in capturing these markets.
The facility would help the company to capture the Indian market from the imported products and also export to countries such as Europe and US, said M M Murugappan, Vice Chairman of Murugappa Group and Chairman of TII.
The product range to be manufactured here include a wide variety of tubes with a diameter range of 60mm to 180 mm and thickness from 4mm to 12.7mm. It would address applications such as hydraulic cylinders used for earthmoving and construction machinery, propeller shafts for high payload vehicles and rear axle tubes for Utility vehicles, Structural applications for Airports, Stadia, Industrial sheds and other large buildings and public utilities and automotive chassis applications, among others.
FOR COMPLETE REPORT READ: Tube Investments eyes Rs 400 cr revenue from large tube market