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Synergies Castings to set up Greenfield Aluminium plant in Visakhapatnam

Synergies Castings is setting up a Greenfield aluminum casting and specialty alloy wheel manufacturing plant in Visakhapatnam.

The company has signed a MoU with the state government of Andhra Pradesh for setting up the new plant.

The new unit will have an annual production capacity of 2.4 million wheels, benchmarked at 18-inch wheel size, along with sophisticated casting, machining, painting facilities with embedded digital manufacturing technologies. Capacity is scalable to 5 million units in phases.
Speaking about its MoU, President of Synergies Castings Shekhar Movva said, ‘’the company has evaluated several manufacturing location options in the country, we believe that Vizag and the terms of engagement with the state of Andhra Pradesh offer the best opportunity to be the most competitive manufacturer of alloy wheels in the country’’.
He added that ‘’ As customer requirements become exceedingly stringent, there is a need to invest in substantial CapEx for sophisticated production, testing and development facilities. It is important to scale up and tech-up to remain competitive.’’ 
The new unit will be providing more than 2000 skilled jobs in the region.

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