Big expansion plans! Steelbird to produce 1855 helmets per hour, create 2500 new jobs
It seems Steelbird Hi-tech India Limited is aiming really something in terms of helmet manufacturing! Asia’s largest helmet manufacturer is all set to expand its manufacturing capacity with the expansion of its plant in Baddi, Himachal Pradesh. "It will soon be equipped to manufacture 44,500 helmets per day. It will help meet the growing market demand of helmets and add to the company’s growth story which is growing at 22% CAGR," Steelbird confirmed.
Commenting on the expansion of the Baddi plant, Rajeev Kapur, MD, Steelbird Helmets, said “We are investing in the plant considering 300 thousand people are dying on the road in our country as per reports by WHO; but according to us over one million people die in the road accidents because in many of the states and districts in our country, there is no traffic police & many of the accidents are not reported. If we check the data with the insurance companies, the data is much more."
"Our New Government & the ministry are doing a lot of work towards road safety. Road safety has become a very important concern in our country because so many fatalities are occurring and the government is putting a lot of efforts to save human lives. And this move is in sync with the government’s effort to save lives,” Kapur added.
The company has bought 15600 square meters of new land adjoining to the existing plants.
"The expansion of the state of art plant in Baddi will further boost the company’s presence worldwide. With an investment of over Rs 150 Crores, the plant will be equipped with the sector’s latest technology. It will help the company to expand its product portfolio and add more models to the existing one. Also, it plans to cover the entire spectrum of customer from low to premium," Steelbird said in a statement.
The plants will have soon have a total of 6,00,000 Lac square feet built-up area and is expected to be ready by August 2019. The plants will have an average production capacity of manufacturing 44.500 helmets a day and will add nearly 2500 new jobs in the Baddi Himachal Pradesh region.