Ruia Group to Build 4 Billion Rupee Assam Plant
The Ruia Group of Kolkata, India has revealed plans to local news sources that they are to build a new tyre plant on a Greenfield site near the Lokpriya Gopinath Bordoloi International airport in Guwahati. The site is currently being prepared for industrial development by local government and Ruia looks set to invest heavily, with four billion rupees earmarked for the project in the next year and a half.
The company expects the facility to open with a production capacity of 50 tonnes per day initially. Ruia hopes to double that figure over time.
Ruia commented to journalists that the move to invest in the area was prompted by the promise of local governmental support and the quality of the current marketplace in Guwahati, in addition to its proximity to the Group’s Kolkata headquarters.
The Ruia Group made its first steps into the tyre industry three years ago, when it bought Falcon and Dunlop India, while two years later it acquired Monotona Tyres in Mumbai. This new venture comes hot on the heels of the company’s purchase of the UK’s Schlegel Automotive Europe, a company that produces components for the auto industry.