Studds has invested Rs. 160 crore in a brand new helmet manufacturing plant and Rs. 40 crore in a brand new Expanded Polystyrene (EPS) manufacturing plant, each arrange in Faridabad, Haryana.
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Studds has invested Rs. 160 crore in a brand new helmet manufacturing plant and Rs. 40 crore in EPS plant.
Studds Equipment Restricted has invested ₹ 200 crore in Haryana to arrange Asia’s largest Helmet manufacturing facility in Faridabad. It has spent ₹ 160 crore the power which is unfold in an space of over 5.5 acres and together with bike helmets, Studds may also manufacture bicycle helmets for the Indian market. The corporate has additionally invested ₹ 40 crore in a brand new manufacturing plant unfold in an space of 1.5 acres, and is India’s solely facility with an in-house Expanded Polystyrene (EPS) manufacturing line. EPS is crushable foam utilized in helmet manufacturing and is likely one of the most necessary security characteristic within the helmet, offering cushion in case of a crash.
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Sidhartha Bhushan Khurana, Managing Director, Studds Equipment Ltd., stated, “It is a enormous milestone for all of us at Studds as we transfer ahead within the post-COVID period. This step is a testomony to our dedication in the direction of Make in India. With the aim of increasing our manufacturing effectivity, our new vegetation would supply employment prospects for native residents in addition to add to the general financial progress. At present, we’ve simply begun operations and are planning to ramp up manufacturing regularly. With the graduation of our new vegetation, we’ve doubled our manufacturing capability from 7 million to 14 million models of motorbike helmets.”
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Studds will guarantee direct employment for over 1,500 people at its new manufacturing facility.
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The brand new vegetation have a mixed annual manufacturing capability of seven.5 million models for bike helmets and 1.5 million models for bicycle helmets. By way of employment alternatives, it’ll guarantee direct employment for over 1,500 people. Each manufacturing models are extremely automated and produce a few of the greatest manufacturing processes to the Indian market, like paint store, moulding, visor coating, packaging and warehousing amongst others. Studds is at the moment exporting helmets to greater than 40 international locations and the brand new plant is geared toward ramping up exports.
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