Yokowo's Indian joint venture LYT has completed its relocation to and expansion of a new plant and held an opening ceremony. The new plant is approximately five times the size of the former plant, with an exclusive floor area of 3,557 m².
Yokowo announced that its joint venture with leading Indian auto parts manufacturer Lumax Auto Technologies, Lumax Yokowo Technologies (LYT), had completed the relocation to and expansion of its new plant and held an opening ceremony. With the opening of the new plant, LYT is expected to strengthen its production capabilities for automotive equipment, and many stakeholders attended to celebrate.
The new plant has an exclusive floor area of 3,557 m², approximately five times the size of the former plant. The new building consists of one basement level and three above-ground floors, with LYT planning to use the second floor as its exclusive area.
According to the announcement, LYT was established as a joint venture with Lumax Auto Technologies, and the relocation and expansion were intended to support business growth and improve its ability to serve customers. The article does not provide details of any new products to be manufactured or production capacity figures.
In addition to representatives of Yokowo and the Lumax Group, many stakeholders, including customers, attended the opening ceremony and celebrated the completion of the new plant.