Toshiba announces investment in TTDI
July 23, 2024
Toshiba Group has positioned the power T&D business as a focus business and will invest approximately JPY 10 billion ($64.12 million/ €58.94 million) in TTDI to expand its capacity.
To address the growing global demand for Power Transmission & Distribution (T&D) equipment amid the global trend of renewable energy expansion, Toshiba Transmission & Distribution Systems (India) Private Limited (TTDI) announced that it will increase its manufacturing capacity of power transformers and distribution transformer by approximately 1.5 times compared to FY2023, over a three-year period from FY2024 to FY2026.
Elaborating on the significance of this global announcement to India, Mr. Hiroshi Furuta, Chairperson and Managing Director, TTDI said, “Toshiba is a world leader in the supply of T&D equipment for both conventional and renewable energy sources. With India established as a hub for our T&D equipment manufacturing operations and export base, TTDI has successfully supplied India-made transformers to over 50 countries. Furthering our commitment to Make-in-India and Export-from-India, the new investment will improve operational efficiency, increase speed-to-market, and support in expanding our business in India and overseas.”
With this investment, TTDI will increase its assembly and test line capacity for Distribution transformers and Power transformers for the Transmission Grids and Distribution Networks. Its enhanced testing capacity for power transformers will represent a significant upgrade in its testing capacity, specifically geared towards expanding exports of power transformers and meeting the high demand for 400kV / 765kV transformers in the Indian market.
Toshiba said that the Distribution Transform expansion is mainly to create a dedicated state of art facility for CRGO (Cold Rolled Grain Oriented) steel processing centre in order to enhance the vertical integration facility which can help us to reduce the process lead time, enhancement of Quality, Safety and 5S. Additionally, TTDI will also build a new manufacturing facility for surge arresters during the first half of FY2024 and the products will be commercially available in the market by the second half of the year.
Categories : City News
Tags : Business Expansion Investment Power Distribution Toshiba Transmission & Distribution Systems (India) Private Limited
