Titan Engineering to invest Rs 220 crore, ram up is manufacturing facility
Titan Engineering and Automation (TEAL) has plans to invest Rs 220 crore over the next 5 years to ramp up its semiconductor wafer fab equipment manufacturing facilities in Tamil Nadu. The wholly-owned subsidiary of Titan Company has acquired an additional 3 acres of land near Hosur, adjacent to its existing manufacturing services facility.
The space would be used to build a new factory for its semiconductor business and by 2024 it expects to move all its semiconductor business to the new facility.
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