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Tirupati: IMOP expands production unit in Sri City
India Metal One Steel Plate Processing Private Limited (IMOP), a Japanese major in processing steel plates, organised the production plant expansion programme at its unit in Sri City on Monday.
Tirupati: India Metal One Steel Plate Processing Private Limited (IMOP), a Japanese major in processing steel plates, organised the production plant expansion programme at its unit in Sri City on Monday. Its Managing Director Takeshi Hirai inaugurated the new facility in the presence of Sri City Foundation President Ramesh Subramaniam, executives from customer companies and senior officials of Sri City.
Addressing the gathering on the occasion, Takeshi Hirai said that IMOP had started operations in Sri City in 2012 and has been providing innovative solutions to customers. As the manufacturing capacity almost hitting its upper limit, the plant has been expanded to enhance the production capacity. At present, the plant has an annual production capacity of 24,000 tonne and has been operating at near full capacity meeting the market demand. Now its annual capacity will go up by 35 per cent.
The highly automated plant has been offering employment for 500 people and now 100 more people will get jobs. IMOP had invested Rs 200 crore for setting up the existing plant of 23,000 sq.m. area. Now, it added 8000 sq. m area of shop floor by investing Rs.80 crore.
Sri City MD Ravindra Sannareddy said that though the Auto sector continues to witness slowdown, it is appreciable to note that IMOP is expanding and continuing to invest in Sri City.
