LGB Forge Limited has announced its plans to set up a state-of-the-art hot forging plant in Kondampatti Village, Kinathukadavu, Coimbatore. The facility is projected to add a production capacity of 0.90 million pieces per annum and is expected to commence operations by January 2025.
Key Highlights:
- Location: SF 308/2B, Kondampatti Village, Kinathukadavu, Coimbatore – 642 109.
- Existing Capacity: Nil, with no current capacity utilization.
- Proposed Capacity Addition: 0.90 million pieces per annum.
- Investment Required: Nil; the project will be financed through internal accruals.
- Rationale: The move aligns with the company’s goal of business growth and expansion to meet rising demand in its sector.
The decision, approved by the Board of Directors via circular resolution, signifies the company’s strategic intent to strengthen its manufacturing capabilities and cater to growing market demands. Further updates will be shared as material developments occur.
