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IN - Bright Autoplast sets up new plant near Chennai

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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.

However, Bright Autoplast is aiming at 30% to 40% growth in sales in 2009-10 over the INR 127 crore reported last year.

Mr IG Advani president & 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."

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.

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