Japanese industrial major, Hitachi has announced two projects at Neemrana in Rajasthan. These include Allied JB Friction Pvt. Ltd. and Hitachi Chemical India Pvt. Ltd. Of these, Allied JB Friction Pvt Ltd is a joint venture with Allied Nippon, and would be manufacturing disc pads, brake linings and shoe assemblies for two wheelers as well as four-wheelers. Speaking about the development at Neemrana, Hitachi President and Chief Executive Officer of Hitachi Chemical, Kazuyuki Tanaka is known to expressed that India has tremendous potential for growth. He is also known to have said that Hitachi Chemicals is expanding globally besides Inida. Hitachi Chemical facility at Neemrana has been set up at a total cost of Rs.120 crore for the manufacture of powdered metal products, mainly for engine and transmission components for two and four wheelers. In the current fiscal, the company, claim industry sources, envisages sales of Rs.20 crore, moving on to Rs.110 crore by 2015. Allied JB Friction was set up at a cost of Rs.57.80 crore, and will generate employment for 320 persons.
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