Sundaram Clayton has received an approval for an investment of a sum not exceeding $8 million in tranches in a die-casting facility proposed to be established in United States (US) for catering to the needs of overseas customers. The board of directors at their meeting held on August 04, 2015 have approved for the same.
The investment is subject to such permissions / consents under Indian and US Laws and subject to a detailed Project Report submission for evaluation in the next board meeting.
Sundaram Clayton is one of the largest suppliers of aluminium die castings in the country. The company exports its products to international Original Equipment Manufacturers.
