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Daicel Cropn to infuse Rs 230 cr in airbag inflator plant

Monday, 18 Jan 2021
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Japan-based Daicel Corporation will set up an airbag inflator manufacturing plant in Chennai, Tamil Nadu.

The company will invest around Rs 230 crore during Phase-I. This will be Daicel Corporation’s first airbag inflator manufacturing plant in India.

The company was catering to the Indian market from its production site in Thailand and other countries. The facility will come up at CapitaLand’s OneHub Chennai, an industrial township.

The company will further strengthen its presence in the Indian market through stable production and supply of products, contributing to the development of the Indian economy through both inflator production and parts’ procurement in the country.

Daicel Corporation is scheduled to start operations by December 2023.

 
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