Friday, Mar 29 2024 | Time 01:46 Hrs(IST)
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Business Economy


Chinese company to double capacity of two wheeler alloy wheels at its Bawal plant

Chandigarh, Mar 21 (UNI) Chinese company Wanfeng Auto Holding Group will double the capacity of two wheeler alloy wheels at its existing plant in Haryana at Bawal in Rewari district from May, 2018 with an additional investment of US $ 25 million.
This was confirmed by the company in the meeting chaired by Haryana Industries Minister Vipul Goyal here on Wednesday.
It was informed that the company also showed keen interest for additional proposed investment of US $ 200 million for four wheeler alloy wheel plant to be setup in the state of Haryana for which various site options were discussed. The company also held deliberations for investment in Aviation Hub at Hissar.
It was also informed that the company is the largest motorcycle wheels producer in the world with the annual production capacity of 40 million pieces and the owner of Diamond Aircraft, Austria.
The Chinese group was represented by Chief Operating Office Administrator, Dengfeng Yu, Overseas Investment President George Xia and Managing Director Ms Yang Huihui. The meeting was also attended by Principal Secretary Industries Sudhir Rajpal and Director Industries Ashok Sangwan.
UNI DB SHK 1546
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