ICMPL’s 48000 sft infrastructure with state of art high precision parts manufacturing facility with a competitive edge will be leveraged by the joint venture with the expertise of Japanese technology in manufacturing critical components for Engines, Transmission, Brakes, Gear Boxes, Chassis Parts using the lean manufacturing Japanese principles of Nishiura in small automated production systems. Indo Nippon Precision Components Pvt Ltd will cater to the requirements of Japanese Original Equipment Manufacturing (OEM) companies and automotive components manufacturing companies established for their India and other overseas operations including Japan. In addition the JV will be working on opportunities with Indian manufacturers to implement technology related to manufacturing small automation systems to make the Indian companies more competitive globally.
Speaking at the press conference Mr. V.S. Karunakaran, the Managing Director of ICMPL said, “We are extremely happy to partner with Nishiura, a company globally known for its high precision, quality & technological advancement in the field of automotive components, specialized machine manufacturing and complete automation. A first of its kind joint venture by a Japanese company with an Indian small Industries in the component manufacturing segment, this partnership will not only integrate Nishiura’s technology with ICMPL’s manufacturing capabilities to mutually benefit each-others blue chip clientele, but also will contribute to India’s rapidly growing automotive sector”.
“With a planned investment of Rs 10 crores during the first year, We at ICMPL, propose to send 10 of our present workers to Japan for training in special skills, who on their return will train 100 new recruits for the new company. This will be followed by 10 more from the new batch visiting Japan for special skills training. With the proposed first production beginning from December 2015, we foresee 2 lakh component production per month by working across three shifts and with 25 crores of proposed outlay by the third year, we look forward to reaching 5 lakh per month production with 100 more employees” he added.
“Chennai is the thriving location attracting reputed international players in the automobile sector. The region has not only become the leader in automobile manufacturing in India but is also the largest exporter of automobiles and components that conform to the global quality standards. This made us to come to Chennai not only to cater to the market that demands Japanese technology in automobile components but also to markets outside India. The relatively competitive cost structure, availability of raw materials, skilled and qualified work force, the infrastructure in Chennai and market demand are the other factors that make international brands set up their manufacturing units here in Chennai,” said Mr. Masatake Nishiura, President of Nishiura.
With India’s rapidly growing automotive sector, India is forecast to become the world’s fourth largest automobile manufacturing nation by 2020, with a growth of approximately 3.5 million units today to over 7 million units. In response to the level of demand, and supported by the Indian Government’s ‘Make In India’ programme, which has been designed to transform India into a global manufacturing hub, many automotive manufacturers have been establishing an increased presence in Chennai considering its social infrastructure for manufacturing.
ICMPL is a small precision component manufacturing company in Irungattukotai, Chennai established in 2004 for meeting the stringent demands of global automotive customers.
ICMPL with state of art manufacturing facilities, have been catering to customers like Ford, Hyundai, Renault and have been exporting (close to 15-20% of sales) to overseas customers like Harley Davidson, USA, Caterpillar, USA, Cummins, UK etc.
About Nishiura Seiki:
Nishiura Seiki established in 1937 has its fully automated world class manufacturing facility in Iwate, Japan spread across a sprawling campus of 10 acres.
With Nishiura’s extreme focus on delivering quality products through specialized machine manufacturing and in-house automation technology they have established themselves as leading suppliers to global customers such as Mitsubishi Motors, Daimler Trucks, Volvo Trucks and Caterpillar.