Korean seat maker SSS Springs to invest ₹170 crore in India
The Hindu
Stumpp Schuele & Somappa Springs (SSS Springs) in association with South Korea-based Daewon is putting up a ₹170 crore plant at Sriperumbudur to make advance seating systems, initially for the
Stumpp Schuele & Somappa Springs (SSS Springs) in association with South Korea-based Daewon is putting up a ₹170 crore plant at Sriperumbudur to make advance seating systems, initially for the Railways.
“This is our maiden entry into making seating systems. The trial runs have already begun and the commercial production will start by December. We are planning to invest ₹170 crore in two phases,” Satish Machani, CMD, SSS Springs told The Hindu.
Bengaluru-based SSS Springs is one of India’s largest spring manufacturers with 14 production facilities, including one in the U.S., while Daewon is one of the world’s leading automobile seating manufacturers.
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