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Press 114
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Spicer India Announces Groundbreaking for New Gear Plant
PUNE, India 4 February 2010 Spicer India Ltd., a joint venture company of Dana HoldingCorporation, USA, and Anand Automotive Systems today announced the groundbreaking for a newhypoid gear manufacturing facility and testing center in Chakan, Pune, India.
Indian OEMs today operate on new vehicle platforms in the MUV / SUV / LCV segments.Recognizing this growing customer need, Spicer India plans to expand its services to the Indianautomobile industry
Indian-based OEMs are demanding improved efficiency, power density, fuel economy, torque-carrying capacity, and weight reduction, said Mr. James E. Sweetnam, President and CEO of DanaHolding Corporation, a world leader in axle and driveshaft technology. In response, Dana hasdeveloped the AdvanTEK series of axles to meet these growing customer requirements, and weare pleased to announce that with these new and expanded facilities we will be positioned tomanufacture these axles in India.
AdvanTEK axles comprise specially designed and manufactured hypoid gears with high power density.To produce these gears, Spicer India is constructing a 50,000 sq. ft. greenfield gear manufacturingfacility in Chakan, near Pune, to produce 240,000 gear sets annually. At full capacity, the facility willemploy approximately 130 skilled people. Gears manufactured in this facility offer the following significantadvantages to the customer of higher power transmission, higher torque and better NVH.
Mr. Deepak Chopra, CEO, Anand Automotive Systems, said, In the last few years, Indian OEMshave aimed at achieving world-class quality of vehicles manufactured here and meant for domesticand international markets. With this new gear plant, Spicer India will have contributed in its ownway to help achieve this motive. This investment represents our ongoing commitment to the Indianautomotive market.
Mr. B.D. Singh, COO, Spicer India Limited said, The setting up of this new facility representsanother important milestone in Spicer Indias roadmap to growth. As leading OEM suppliers in thecountry, we are pleased to be in a position to keep pace with our customer requirements and inmeeting market demands.
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About Spicer IndiaSpicer India Limited, established in 1993, is a leading supplier of axles, driveshafts (also known as
propeller shafts) and drivetrain products, as well as genuine service parts. The company providescomplete system solutions to OEMs and the related aftermarket in India and also has been themajor exporter to Dana Holding Corporation. Spicer India Limited products are marketed through anetwork of dealers and retailers across the country in the aftermarket.
The company, which has a customer base of virtually all major OEMs in the automotive, commercialvehicle, and off-highway markets, is a joint venture between Dana Holding Corporation, USA, andAnand Automotive Systems.
About Dana Holding CorporationDana is a world leader in the supply of axles; driveshafts; and structural, sealing, and thermal-management products; as well as genuine service parts. The company's customer base includes
virtually every major vehicle manufacturer in the global automotive, commercial vehicle, and off-highway markets. Based in Maumee, Ohio, USA, the company employs approximately 23,000people in 26 countries and reported 2008 sales of $8.1 billion. For more information, please visit:www.dana.com .
About Anand Automotive SystemsAnand Automotive Systems is a leading manufacturer of automotive components and systems inIndia, supplying to virtually every vehicle and engine manufacturer in the country.
With a large range of automotive components, the Group has a sales turnover of USD 700 million,targeting to achieve $ 1 billion by 2012.In 1961, the Group started its operations with the establishment of Gabriel India, the Group's
flagship Company in Mumbai for manufacturing Shock Absorbers. Today, the Group comprises 19companies with 38 business units spread in eight states across the country India, employing 7,500people.Overall, the strength of Anand Companies lie in their strong brand image, widespread distributionnetwork, product range, excellent quality, extensive Original Equipment coverage, Export markets.
For Further Information Please Contact:
Abhinav SoodConnectCommPh: +919810605190Email: [email protected]
Sona PuriCorporate CommunicationsAnand Automotive SystemsPh: + 9650705559Email: [email protected]
http://www.dana.com/mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]://www.dana.com/
