Titan Company has announced the commissioning of a new watch manufacturing plant in Tamil Nadu.
This new stainless steel case manufacturing facility has been commissioned at Kallapalayam, Palladam - Cochin Frontier Road, Coimbatore, Tamil Nadu, with total investment of over Rs 75 crore.
SEIKO EPSON has provided the technical assistance for setting up this plant. Initially, the capacity of this facility will be one million cases per annum and it can be scaled to two million per annum.
The plant has an employment potential of 250 people.
Titan’s revenue from watches increased by 10.4 percent to Rs 439.98 crore, in the first quarter, ended 30 June, 2014. During Q1 2014-15, its net sales were Rs 2,853.66 crore.