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IN - Bright Autoplast sets up new plant near Chennai

<font face="Arial,sans-serif" size="2">ET reported that Bright Autoplast, a leading automotive component maker and part of the Sintex Group, has set up its second plant at Oragadam near Chennai at a cost of INR 27 crore. It is to cater to major customers like Hyundai Motor and Visteon.</font>

<font face="Arial,sans-serif" size="2">However, Bright Autoplast is aiming at 30% to 40% growth in sales in 2009-10 over the INR 127 crore reported last year.</font>

<font face="Arial,sans-serif" size="2">Mr IG Advani president &amp; CEO of Bright Autoplast said "This year exports will form 8% of our turnover as we have signed European customers. We are trying to gain market share in under hood products apart from the interior (dashboard) and exterior (grill) products."</font>

<font face="Arial,sans-serif" size="2">Mr Advani said that including the new plant, Bright has 4 manufacturing plants and one just in time plant. Expecting more marketing opportunities from Ford and Nissan plants it plans to double capacity at the new plant in the near future.<br></font>

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