LG Balakrishnan plans Asia, S. America plants

Auto parts maker LG Balakrishnan & Bros. Ltd. plans to invest $12 million (535 million rupees) to set up three plants overseas by March 2010, a top official said on Friday.

Each plant would initially have sales exceeding 700 million rupees a year, Managing Director B. Vijayakumar told Reuters over telephone from Coimbatore.

The first of the three units -- in Indonesia -- was expected to begin production by March 2008, he said. Units would be set up in China and South America in 2008/09 and 2009/10 respectively, Vijayakumar said.


Source: NDTV