Subros Ltd has informed BSE that:
'Subros Limited, a leading company in manufacturing of Thermal products in India has moved its Tool Engineering and manufacturing activities at new location at A-16, Sector 68, Noida. The company has inaugurated this facility Subros Tool Engineering Center (STEC) today i.e. November 28, 2014 in the august presence of Mr. Ayukawa (Managing Director and CEO Maruti Suzuki), Mr. Hasuike (JMD,Maruti Suzuki) and Mr. Shimokawa (Executive Director, Denso Corporation, Japan).
Subros Tool Engineering Centre (STEC) has a strong Tool Design office and large Tool manufacturing set up to take care of Subros captive Tools and Molds requirement and also accept customer orders of Tools manufacturing. STEC will specialise in very niche and high technology toolings for Plastics Injection moulding, non-ferrous Vacuum & Squeeze Die Casting dies and Precision Sheet Metal Dies. The Companys focus is to meet their Customers specialty Tool requirements for Import Substitution and Exports.
The Company has Cumulatively invested Rs. 45 crs in setting up Tool Room since 2004 and has plan to expand in future to meet the customer expectation. It has an annual Sales potential of Rs. 150 Cr approximately (including captive consumption) and will entail an additional investment of approx. Rs. 55 crs spread over next 3 years.'
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