Sundaram Clayton, one of the largest suppliers of aluminium die castings in the country has started production at its new plant in the auto hub of Oragadam, 45 km from Chennai. In the last month plant has begun making die-castings for Hyundai.
Supply to Hyundai has been fully transferred out of its Padi plant to Oragadam, as the new plant is closer to the Hyundai factory. During last couple of years company has spent Rs 90 crore on this plant. The new plant has production capacity of 15,000 tonnes a year.
Other then marquee customer Hyundai this new plant will also serve a few other auto companies such as Honda and it will cater mainly to the domestic market. The company has planned a capex plan of Rs 130 crore this year, which includes fresh investments of Rs 40 crore and Rs 90 crore carried over from the last two years.
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