By Ryan Beene, Crain's Detroit Business
Detroit, Michigan -- International Automotive Components Group broke ground 12 Sept on a 150 000-sq.ft (14 000 sq.m) manufacturing and engineering operation in Pune, India.
The $25-million plant should be completed in the third quarter of 2009. It will manufacture plastic interior components such as instrument panels, cockpits and door assemblies for passenger cars, and medium- and heavy-duty trucks for the Indian domestic market.
The plant will help IAC fulfill new contracts with Indian vehicle manufacturers Mahindra & Mahindra and Mahindra Navistar Automotive Ltd as well as German automaker Volkswagen AG.
Jim Kamsickas, president and ceo of IAC Group North America and Asia, said the company's new operation will position it well to support "dramatic growth" in the region in the next 10 years.
The company also has an engineering and administrative office in Pune, which opened earlier this year.
IAC, based in suburban Detroit, ranks No. 31 on the Automotive News list of the top 100 global suppliers, with worldwide original-equipment sales of $5300 million in 2007.