Mumbai, Nov 23: ASB International, a 100 per cent subsidiary of the Japan-based Nissei ASB Machine, expects to achieve a turnover of $3.5 million in its first year of operations and exports worth $48 million in the first five years.The company's state-of-the-art 100 per cent export oriented unit was inaugurated by state industries minister Patangrao Kadamwith on Tuesday. Set up with an investment of Rs 86 crore in Ambernath industrial estate, the company plans to make it as a global base in a decade. It will export biaxially oriented stretch blow moulding machines, moulds and auxiliary equipment for mass production of containers from PET and other plastics to Japan, the US and western European countries.
According to the company's executive director Masahiko Kaji, the facility will produce machine components, in the first phase, to be used in the company's main production facility in Japan. In the second phase, sub assemblies using various components will be manufactured.
According to Kaji, during the third and final phase, the facility will produce and export complete machines. ``We aim to export fully manufactured machines by December 2000, within 13 months of commencement of operations,'' he added.
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