TI expands chains capacity by 20%

Hyderabad, 4 December 2011: TI Diamond Chains (TIDC), a unit of Tube Investments of India Ltd (TII), part of the Murugappa Group, inaugurated its expanded production facility at its Hyderabad Unit on December 4th, 2011. The company has invested Rs.30 Cr on this facility. TIDC’s production capacity for two wheeler automotive chains will go up by 20%.

Mr MM Murugappan (Chairman of TII and Vice Chairman of Murugappa Group) and Mr L Ramkumar, (MD of TII.)

Speaking on the occasion, Vice Chairman of the Murugappa Group and Chairman of TII Mr. MM Murugappan said “This facility has been set up with the state of the art equipment to be run with the best in class practices. This would enable TI to meet the growing demand from its auto customers, with much higher levels of quality and reliability”.

About the Murugappa Group

Founded in 1900, the Rs. 17051 Crores (USD 3.8 billion) Murugappa Group is one of India's leading business conglomerates. The Group has 28 businesses including eight listed Companies actively traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd.

Market leaders in served segments including Abrasives, Auto Components, Cycles, Sugar, Farm Inputs, Fertilizers, Plantations, Construction, Bio-products and Nutraceuticals, the Group has forged strong joint venture alliances with leading international companies like Groupe Chimique Tunisien, Foskor, Cargill, Mitsui Sumitomo and Morgan Crucible. The Group has a wide geographical presence spanning 13 states in India and 5 continents.

Renowned brands like BSA, Hercules, Ballmaster, Ajax, Parry’s, Gromor and Paramfos are from the Murugappa stable. The organization fosters an environment of professionalism and has a workforce of over 32,000 employees.

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