Bengaluru: Daicel Corporation, headquartered in Osaka, Japan, will be setting up an airbag inflator manufacturing plant at CapitaLand’s OneHub Chennai, a next generation industrial township located on Old Mahabalipuram Road, Chennai. It will be Daicel Corporation’s first airbag inflator manufacturing plant in India with a planned investment of about Rs 230 crore in phase 1.
Vinamra Srivastava, CEO, Business Parks, CapitaLand India, said: “We welcome Daicel to India and join OneHub Chennai’s growing community of leading multi-national companies. OneHub Chennai offers the right eco-system and plug-and-play infrastructure for the company’s manufacturing plant. We are excited to be part of Daicel’s important milestone and look forward to support their growth in India.” The plant will meet growing demand for automobile airbag inflators in the country. Daicel is scheduled to start operations by December 2023.
Takase Yoshifumi, Managing Director, India Operations, Daicel Corporation, said: “Until now, we have been supplying products to the Indian market from our production site in Thailand and other countries. However, due to the growth potential of the Indian automobile market, and the need to strengthen automobile manufacturer and airbag module manufacturer supply chains in India, we have decided to establish a local production site at OneHub Chennai. We will further strengthen our 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.”
Earlier during October 2018, in response to growth in the Indian automobile market and the tightening of safety regulations, Daicel established a sales base (Daicel Safety Systems India Pvt. Ltd., DSSI, Gurugram, Haryana). OneHub Chennai (OHC) is developed by CapitaLand in a joint venture with IREO and Japanese Consortium comprising Mizuho Bank and JGC Corporation. The1250-acre (506 ha) future-ready business city is located within Greater Chennai, on Old Mahabalipuram Road, the growth corridor of Chennai."