In the automotive industry, in addition to parts of metallic materials, the production of plastic parts is particularly favored, in order to further expand market share, the Indian automotive molder Varroc Engineering Company intends to build two production facilities in India Greenfield area. Ravi M. Damodaran, president of the company's technology and strategy, told reporters at an annual meeting of auto parts manufacturers recently held in New Delhi that the specific location of the new plant is still under discussion and the final result will be announced in the coming months. . Damodaran revealed that the two newly-built factories will be located in the northern and western parts of India and will cost approximately US$ 16-25 million. After the project is completed, it will be mainly responsible for injection molding of motorcycle parts. It is expected that the first new plant will be put into operation in 2014 and the other plant will be put into production in early 2015. Varroc Engineering is headquartered in Aurangabad, India and currently has 35 manufacturing plants and 8 technology R&D centers in 10 countries around the world. The company has annual sales of 130 million U.S. dollars.
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