Invests Rs 45 crore to set up STEC
Subros announced that the Company has moved its Tool Engineering and manufacturing activities at new location at A-16, Sector 68, Noida.Subros Tool Engineering Centre (STEC) has a strong Tool Design office and large Tool manufacturing set up to take care of Subros captive Tools and Molds requirement and also accept customer orders of Tools manufacturing. STEC will specialise in very niche and high technology tooling's for Plastics Injection moulding, non-ferrous Vacuum & Squeeze Die Casting dies and Precision Sheet Metal Dies. The Company's focus is to meet their Customer's specialty Tool requirements for Import Substitution and Exports.
The Company has cumulatively invested Rs. 45 crore in setting up Tool Room since 2004 and has plan to expand in future to meet the customer expectation. It has an annual Sales potential of Rs. 150 crore approximately (including captive consumption) and will entail an additional investment of approx. Rs. 55 crore spread over next 3 years.
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