September 20, 2012: Varroc Polymers, a part of the USD 615 million Varroc Group, inaugurated their 8th Polymer plant at Pithampur in Madhya Pradesh at an investment of Rs 20 crore. Mr Vinod Aggarwal, CEO of Volvo Eicher Commercial Vehicles (VECV) inaugurated the plant in the presence of Mr Tarang Jain, Managing Director - Varroc Group, Mr N Ramanathan, President - Varroc Group and other top management officials of Varroc Polymers.

The Pithampur plant will primarily manufacture Automotive Components and Subassemblies for both two- and four-wheelers and has moulding machines ranging from 450T to 850T. The Pithampur plant will service the requirements of VECV as well as the needs of customers in the Central and Western hub of India's Automotive Industry.

Mr Tarang Jain, Managing Director - Varroc Group, speaking on the occasion said, "We are strongly committed to company's philosophy of "being where the customer is". Our strategically placed plants support the needs of rapidly growing passenger car and light commercial vehicle market."

Varroc Polymers, apart from Pithampur, has two plants in North India, five plants in Western India and is planning to establish their footprint in Southern India. This is the 20th manufacturing plant for Varroc Group in India and the 31st worldwide.

Mr Vinod Aggarwal, Chief Executive Officer - VECV, who graced the occasion as Chief Guest said, "In a highly competitive automotive sector, having suppliers closer to the manufacturing plants helps reduce the time-to-market for auto manufacturers. We appreciate Varroc's initiative of putting up the state of the art manufacturing facility in close vicinity to serve VECV requirement."

Varroc is an industry leader in the manufacture of Polymer based products for the automotive industry with over two decades of experience plastic body parts and painted plastics. Over the last few years, Varroc has been successful in winning orders for the four wheeler market. With strong support from its best in class tool room and state of the art product design and development centre at Aurangabad, Varroc is aggressively working on development of Interior and Exterior Trim modules parts such as Instrument Panels, Door modules and console units for passenger cars and SUV applications.