Setco to set up facility in Africa

Auto component maker Setco Automotive plans to invest Rs 100 crore over the next two years for setting up a new plant for clutch units in Africa and for market development. The company will foray into manufacturing of clutch units for Light Commercial Vehicles (LCV) and four-wheeler segments. Setco currently manufactures clutch units such as pressure plates, clutch plates and wheel bearings, for Medium and Heavy Commercial Vehicles. It has two plants in Halol (Gujarat) and Sitarganj Uttarakhand) with a combined capacity of 15 lakh units annually. Contact: Setco Automotive Tel: 022-4075 5555. Fax: 022-2352 0754. E-mail: contact@setcoauto.com