Cryolor, French industrial gas tanks manufacturer and a 100 per cent subsidiary of Cryolor SA, has decided to set up a manufacturing facility near Chennai.
The plant would be setup at Melmaruvattur in Chennai, covering a built up area of 15,000 sq. m.
The company intends to pump an investment worth Rs 45 crore on the plant through its fully owned subsidiary Cryolor Asia Pacific.
Despite having posted the quite favorable 2009 second quarter results, there are indications that Apple is cutting costs in order to battle out the impact of the still-ongoing financial meltdown - laying-off full-time retail employees being one of the practical measures undertaken by the company.
In its 10-Q form filed with the SEC, Apple has made a mention of 14,000 full-time retail employees at the end of the last quarter; though the number of employees mentioned in the same document, for the December 2008 quarter, was 15,600.
Surya Brasil, a Brazilian personal care firm, has plans to setup up a manufacturing facility in the India, to cater the growing demand for its products in the region.
Currently, the company has 8 distributors throughout the country and its products are available at major retail chains. The firm has been operating in the country, for the past two years.
The company expects to clock turnover of Rs 1 crore this fiscal, with the setup of new manufacturing facility. Presently, the company has three manufacturing units in Brazil.
Audi will literally on a roll over the next few years - what with more than 40 of its models to be in the markets by 2015; and the new models to be lined up for their respective launches, one following the other! By this year-end, 32 Audi models will be available, inclusive of the lately-launched A4 Allroad, A5 and S5 Cabriolet, TTRS and the R8 V10.
JK Tyre & Industries, a leading automobile tyre manufacturer, sketched an investment plan worth Rs 270 crore for expanding its production capacity of off-the-road (OTR) tyres by 2011.
The company currently has 42 per cent share in the 95,000-units domestic OTR market in the country, which are used for application like mining and excavation.