Tuesday, 6 September 2011

Lumax Industries to invest Rs 150 cr on capacity expansion




Automobile lighting systems-maker Lumax Industries today said it will invest Rs 150 crore to set up three new facilities and expand the capacity of its existing unit by next year.

"We are investing Rs 150 crore to set up three greenfield facilities and expanding one existing unit by next year," Lumax Industries Senior Executive Director Deepak Jain told reporters on the sidelines of a summit organised by the Automotive Component Manufacturers Association (ACMA) here. 
The company is setting up the new plants in Haryana, Karnataka and Gujarat.
At present, the company's annual production capacity is 4 million units with a turnover of Rs 865 Crore.

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