NHK Springs India is planning to construct new coil springs and stabiliser bars manufacturing facility at Sri City in Chennai district of Tamil Nadu.
NHK Springs will set up the plant on 18 acre area. The project estimated to cost Rs 300 crore intended to manufacture coil springs and stabiliser bars for the automobile industry. The facility at Sri City is the second facility of the company in India after suspension coil springs facility at IMT Manesar in Haryana.
Currently, NHK Springs is working on project to increase suspension coil springs capacity from 24 lakh numbers per year to 84 lakh numbers per annum. The company is waiting for necessary clearances from the state government for the project.
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