Fourth Interior and Exterior Vehicle Parts Injection Molding Plant to be Established in India

Aug 8, 2019
SEKISUI CHEMICAL CO., LTD.
SEKISUI TECHNO MOLDING CO., LTD.

SEKISUI CHEMICAL CO., LTD. (President and Representative Director: Teiji Koge; referred to as “SEKISUI CHEMICAL”) announced today that SEKISUI DLJM MOLDING PRIVATE LIMITED (“SEKISUI DLJM MOLDING”), a joint venture company, will establish a fourth plant in India, located in Mandal, Gujarat in the northwest of India, to manufacture and sell injection molded parts for interior and exterior vehicle components. Total investment in the new plant will be approximately 900 million yen, and operations are scheduled to start in April 2020.

SEKISUI CHEMICAL’s High Performance Plastics Company (President: Ikusuke Shimizu) has positioned the injection molding business within the vehicle and transport field, which is a strategic sector, as a key business. With the aim of expanding this business in emerging markets, SEKISUI DLJM MOLDING was established in India as a joint venture with Dipty Lal Judge Mal Private Limited, a local company, in August 2011 and commenced operations. Since then, the scale of business has expanded in conjunction with increasing motorization in India, and the new plant will be established in the northwest of India to respond to expected increases in demand in the future. As a result, production capacity in India will increase by approximately 20% and business will expand even further.

SEKISUI TECHNO MOLDING CO., LTD. (President: Hiroyuki Yamashita; referred to as “SEKISUI TECHNO”), a wholly-owned subsidiary of SEKISUI CHEMICAL, handles this business within the SEKISUI CHEMICAL Group.

Overview of Fourth Plant

1) Production items: Injection molded interior and exterior vehicle (automobiles and motorcycles) parts

2) Scale: Site area: 33,820 m2; plant floor area: 1,660 m2

3) Start of operations: Scheduled for April 2020

4) Location: Mandal district, Gujarat

Business Objectives

Through the effects of operation of the fourth plant and other factors, SEKISUI DLJM MOLDING aims to achieve net sales of 9 billion yen in fiscal 2022.

Reference Information 1: Overview of Joint Venture Partner (Dipty Lal Judge Mal Private Limited)

Name Dipty Lal Judge Mal Private Limited
Representative Dev Bhushan Jain
Business activities Manufacture and sale of injection molded products
(consumer electronics and vehicle parts)
Established 1984
Capital 45 million rupees
No. of employees 520 (As of April 1, 2019)
Sales 6 billion yen (fiscal 2018) (calculated at a conversion rate of 1.57 yen/1 rupee)

Reference Information 2: Overview of SEKISUI TECHNO MOLDING

Name SEKISUI TECHNO MOLDING CO., LTD.
Representative Hiroyuki Yamashita
Business activities Manufacture and sale of injection molded products
(vehicle parts; logistics, environment and civil engineering related)
Established 1962
Capital 200 million yen
Head office 2-6-2 Nishishimbashi, Minato-ku, Tokyo
No. of employees 155 (As of April 1, 2019)
Sales 17.8 billion yen (fiscal 2018) (including two overseas Group companies)           

Reference Information 3: Overview of SEKISUI DLJM MOLDING

Name SEKISUI DLJM MOLDING PRIVATE LIMITED
Equity stakes SEKISUI CHEMICAL: 51%; Dipty Lal Judge Mal Private Limited: 49%
Business activities Manufacture and sale of injection molded vehicle products
* See photos below for main products
Established August 1, 2011
Capital 1 million rupees
Head office Delhi, India
No. of employees 396 (As of April 1, 2019)
Sales 4.9 billion yen (fiscal 2018) (calculated at a conversion rate of 1.57 yen/1 rupee)
Production sites 3 sites
  • Sekisui DLJM Molding Private Limited
    Greater Noida No. 1 Plant
    (Uttar Pradesh)
  • Sekisui DLJM Molding Private Limited
    Tapkala No. 2 Plant
    (Rajasthan)
  • Sekisui DLJM Molding Private Limited
    Chennai No. 3 Plant
    (Tamil Nadu)

* Main products: Injection molded interior and exterior vehicle products (painted and plated)

  • Automobile interior parts
    Automobile interior parts
  • Exterior plated parts
    Exterior plated parts
  • Automobile exterior parts
    Automobile exterior parts
    (lamp housing)
  • Exterior painted parts
    Exterior painted parts
    (motorcycle front fender)

About SEKISUI CHEMICAL Group

Headquartered in Japan, SEKISUI CHEMICAL CO., LTD. (TSE: 4204) and its subsidiaries make up the SEKISUI CHEMICAL Group. 26,000 employees in over 200 companies throughout 21 countries aim to contribute to improving the lives of the people of the world and the earth’s environment. Thanks to a history of innovation, dedication and a pioneering spirit, SEKISUI CHEMICAL now holds leading positions in its three diverse business divisions as well as top global market share in interlayer film, foam products, conductive particles and more.
Since its foundation in 1947, the SEKISUI CHEMICAL Group has dedicated itself to social and environmental contribution and is now an internationally recognized leader in sustainability and environmental initiatives, having recently been selected as one of the Global 100 most sustainable companies. SEKISUI CHEMICAL Group will continue to maintain a strong corporate presence for 100 years and beyond.

Press Contact

SEKISUI CHEMICAL CO., LTD.
Public Relations Department
Fax: +81-(0)3-5521-0510

Disclaimer

This press release may contain forward-looking statements. Such forward-looking statements are based on current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements due to changes in global economic, business, competitive market and regulatory factors.