Moriroku Japan Invests in India to Expand Business Opportunities

13 Sep, 2024

Moriroku Japan Invests in India to Expand Business Opportunities

Moriroku Technology Japan, a leading global producer of plastic automotive parts, has made a significant investment in India with the establishment of a new, state-of-the-art plastic exterior paint line. This latest investment, totaling INR 100 crore (approximately USD 12 million), will be located in Bhiwadi, Rajasthan, adjacent to the existing Kaharani plant. The new facility, which will have an annual capacity of one million components, is expected to commence operations by October 2025.

With over 360 years of history and 75 years of experience in the automotive parts industry, Moriroku Technology has been a prominent supplier of plastic components, notably to Honda. This investment aims to strengthen Moriroku's partnerships with other automobile OEMs in India while enhancing collaboration with Honda to deliver high-quality products.

At the groundbreaking ceremony, MTI Managing Director Tetsuyuki Nakano emphasized the growing demand for high-quality automotive plastic parts and the company's commitment to setting new quality standards in India. Director Hideo Tsukai highlighted India's potential as a future business hub and Moriroku's dedication to expanding its presence and technology transfer in the region.

Yasushi Nakao, the Global Purchasing Officer, noted India's importance as a major export market and MTI's adherence to global quality standards and sustainability practices. Deputy MD Shalabh Sangal concluded by affirming that this investment represents a new chapter for MTI, focusing on exceptional product quality and aligning with Moriroku's global vision and sustainability principles.