YKK India: $150M Factory in Mahindra Chennai Township
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YKK India invests $150M in a new fastening products factory at Mahindra Lifespace''s Chennai industrial township. This third plant is due by Feb 2028.
New Delhi, Jun 18 (PTI) Realty firm Mahindra Lifespace Developers Ltd on Thursday said YKK Corporation will set up a new plant with USD 150 million investment at its industrial township in Chennai.
Mahindra Lifespace did not disclose whether it has sold land to YKK India or given industrial spaces on lease to set up the factory in its 600-acre cluster 'Origins by Mahindra' in Chennai. The potential revenue was also not divulged.
YKK India, an Indian subsidiary of YKK Corporation, manufactures and supplies fastening products, serving the apparel, textile and industrial sectors across India and international markets.
According to a regulatory filing by Mahindra Lifespace, YKK India will establish a new manufacturing facility at its township.
"According to YKK India, this will be the third manufacturing plant in the country and will be spread across approximately 149,936 square metres with total investment amount of USD 150 million within the integrated industrial cluster," the filing said.
The facility is expected to be completed by February 2028.
The 600-acre industrial township is being developed through a joint venture between Mahindra World City Developers Ltd and Japan's Sumitomo Corporation.
Mahindra Lifespace is one of the leading real estate developers in the country.
Mahindra Lifespace did not disclose whether it has sold land to YKK India or given industrial spaces on lease to set up the factory in its 600-acre cluster 'Origins by Mahindra' in Chennai. The potential revenue was also not divulged.
YKK India, an Indian subsidiary of YKK Corporation, manufactures and supplies fastening products, serving the apparel, textile and industrial sectors across India and international markets.
According to a regulatory filing by Mahindra Lifespace, YKK India will establish a new manufacturing facility at its township.
"According to YKK India, this will be the third manufacturing plant in the country and will be spread across approximately 149,936 square metres with total investment amount of USD 150 million within the integrated industrial cluster," the filing said.
The facility is expected to be completed by February 2028.
The 600-acre industrial township is being developed through a joint venture between Mahindra World City Developers Ltd and Japan's Sumitomo Corporation.
Mahindra Lifespace is one of the leading real estate developers in the country.
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