Asahi India to spend $11 mln to build third plant

Newswire

NEW DELHI, Nov 21 (Reuters) - Glassmaker Asahi India will set up its third plant in the southern city of Madras at a cost of over 500 million rupees ($11 million) to sell to auto firms in the region and the export market. The new plant will have an initial capacity to make over 500,000 laminated windshields a year and push up its auto glass capacity to over 1.7 million when it is commissioned in October 2004, it said in a statement. The project, funded through internal accruals, will ...

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