Toshiba Invests $30 Million In Hyderabad Factory

HYDERABAD: Toshiba Transmission & Distribution Systems India Pvt Ltd (TTDI), a wholly owned subsidiary of Japan’s Toshiba Corporation, made an announcement on Thursday (Feb 4) regarding a 3-billion Yen investment (around USD 30 million) at its Hyderabad factory. This would help the company in coping with its domestic as well as global demand.

Toshiba Invests $30 Million In Hyderabad Factory (1)

This investment has boosted up the manufacturing capacity of its transformers by 50 per cent and established a new line for the production of new technology switchgears which include gas insulated switchgears as well as solid insulated switchgears. The expansion would allow TTDI to meet growing demand in India and globally.

Dr Katsutoshi Toda, chairman & managing director of TTDI, said, “In line with our ‘Make in India’ commitment, we have augmented capacity of existing lines and commenced new production lines with Yen 3 billion investment. TTDI will seek to expand its business through full-scale operations and provide cost-competitive products by localising procurement, design and manufacturing within India.”

He further stated that since the foundation of TTDI, the company has always endeavoured in introducing new technology products, solutions as well as improving product quality through technology transfers from Japan.

TTDI currently manufactures small, medium and extra high voltage transformers. It will use the new line to start production of ultra high voltage transformers up to 1200kV and will also improve the manufacturing and operating efficiency of distribution transformers. The new line for gas-insulated switchgear will also accomplish the anticipated demand growth in this product, especially in urban areas.

“The comprehensive upgradation and expansion is as per our strategy of securing a 20 percent share of the Indian T&D market in the coming years. We will also reinforce TTDI as a core T&D production base for other major markets, including Europe, ASEAN, and Africa,” informed Dr Toda.

Toshiba Transmission & Distribution System group is a world leader in the supply of integrated solutions for energy Transmission & Distribution (T&D). Toshiba Corporation began its manufacturing journey in India by acquiring Vijay Electricals’ power transformers, distribution transformers and switchgears businesses in Hyderabad, in 2013 and, thus, formed TTDI.

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