Oct 19, 2017
NGK SPARK PLUG CO.,LTD.
NGK SPARK PLUG CO., LTD. Builds an Additional Production Plant in India to Optimize Global Supply Chain
Nagoya, October 19, 2017―NGK SPARK PLUG CO., LTD. (Chairman, President, and CEO: Shinichi Odo, Headquarters: Nagoya, hereafter NGK SPARK PLUG) is pleased to announce that it will establish an additional production plant in India to strengthen production capability of automotive components.
To meet large demand for spark plugs in aftermarket and also to meet more strict emission standards for oxygen sensors for motorcycles, Bharat Stage IV (BS6)*, we decided to invest to the Indian facility. Moreover, we aim to optimize our global production efficiency along with this enhancement of production capability in India.
In this investment, we will build an additional production plant in the current plant area, strengthen and double production capability of spark plugs by 2018, and newly start production of oxygen sensors in India.
The cost for this capital investment will be approximately 1.7 billion yen, and we will consider further investment along with the demand expansion.
We position the Indian market as one of the most important markets in our medium term business plan. We will further enhance the presence of NGK SPARK PLUG group in the Indian market that will be expected to grow and will contribute to the society by our technology.
*Bharat Stage IV (BS-6): an Indian national emission control regulation to be introduced in 2020.
■Outline of Indian Facility
|(1)Company Name||NGK SPARK PLUGS (INDIA) PVT. LTD.|
|(2) Location||210, JMD Pacific Square, 32nd Mile Stone, Sector 15, NH-8, Gurugram, Haryana-122001, India|
|(3) Production Items||Spark Plugs and Oxygen Sensors for Motorcycle|
|(4)Total Floor Space of Building||Approximately 15,500 square meters
（Current space：4,500 square meters, Additional space：11,000 square meters）
|(5) Start of Construction||October 2017|
|(6) Completion of Construction||December 2019 (planned)|
|(7) Investment Amount||Approximately 1.7 billion yen（building and facilities)|