Chennai, 28 October 2014: Tube Investments of India (TII), part of the INR 24300 crores Murugappa Group, announced today that the Large Diameter Tubes manufacturing plant at Tiruttani will be formally inaugurated on Thursday 30 October 2014. This has been built with a capital expenditure of Rs 250 crores and with an installed capacity of 11,000 tonnes per month. This plant will address the requirements of the infrastructure sector, like hydraulic cylinders, propeller shafts and other large-diameter-tube applications that are currently being served through imports.
Speaking on the occasion, TII Managing Director Mr L Ramkumar said “With the operation of this state-of-the-art plant we would be able to serve the needs of the off road vehicle and construction industries.”
The Large Diameter Tube plant has been set up with the approval under the Single Window Clearance system of the Government of Tamil Nadu. It has been designed as a world-class layout with a streamlined process flow. Built over 63 acres of land outside Tiruttani town, the highly-automated plant has machines from Germany, Italy and Japan. The product range encompasses a wide variety of CDW (Cold Drawn Welded) and ERW (Electric Resistance Welding) tubes with a diameter range of 60mm to 180 mm and thickness from 4mm to 12.7mm. The products will 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 / public utilities), automotive chassis applications etc.
About Murugappa Group
Founded in 1900, the INR 243 Billion Murugappa Group is one of India’s leading business conglomerates. The Group has 28 businesses including ten listed Companies 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., Sabero Organics Ltd., Shanthi Gears Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd.
Market leaders in served segments including Abrasives, Auto Components, Transmission systems, Cycles, Sugar, Farm Inputs, Fertilisers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong alliances with leading international companies like Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Advanced Materials, Sociedad Química y Minera de Chile (SQM), Yanmar & Co. and and Compagnie Des Phosphat De Gafsa (CPG). The Group has a wide geographical presence all over India and spanning 6 continents.
Renowned brands like BSA, Hercules, Ballmaster, Ajax, Parry’s, Chola, Gromor, Shanthi Gears and Paramfos are from the Murugappa stable. The organization fosters an environment of professionalism and has a workforce of over 32,000 employees.