American C.N.C. Machine Company
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S&T Engineers of Coimbatore and Yeong Chin equipment (YCM) Industries of Taiwan will jointly invest ₹24 crore within the first section to make and supply CNC vertical machining centres.
D. Shanmugasundaram, MD, S&T, advised The Hindu the investment could be increased to ₹100 crore within the next three years reckoning on the market response.
The details of the joint venture are being labored out. “We (S&T) could have advertising rights throughout the nation for the machining centres produced,” he talked about.
The plant is probably going to be commissioned right here in January. To delivery with, it will manufacture three models of the computer and will expand to seven models. The plant will have capacity to provide a hundred machines notwithstanding the suggestion is to make 15 machines a year within the first phase, Mr. Shanmugasundaram mentioned. Some components will be imported from Taiwan and in a few years, the whole machinery will be made right here. The cost of the machines will be significantly much less when made in India compared to importing them from Taiwan.
an announcement spoke of under the agreement signed, YCM and S&T Engineers will share economic and technological resources to leverage the better of each businesses.