Steelbird to set up new EPS plant in Baddi in Himachal Pradesh
Date: 19 Aug 2022
Steelbird
Hi-tech India Limited, Asia’s largest helmet manufacturer, is all set to set up
a new state-of-the-art EPS plant at Baddi in Himachal Pradesh.
The
company has acquired new land and is planning to make an initial investment of
Rs 25 crore in the facility, which is spread over 2.2 acres. This facility will
facilitate an in-house expanded polystyrene (EPS) production line. EPS is a
crushable foam used in helmet production.
Commenting
on the opening of the new plants, Kashish Kapur, Director, Steelbird Helmets
said “Our family has been in the manufacturing of helmets for generations. As
we have been making helmets since 1976, we understand the importance and what
goes behind manufacturing quality helmets. Particularly when we look at the
current scenario in India, less than 2% of manufacturers know about helmets and
the way to manufacture them. They often overlook the manufacturing process, the
tech specs, the safety protocols and the qualifying standards.”
“Furthermore,
all EPS producers are packaging producers, not component producers. But let’s
understand ESP is a safety component and is very significant for safety
features and quality. Also, for higher quality, double density EPS is required.
On this front, we at Steelbird, have the prowess to inject double density. Our
helmets boast nine sizes, where each size of the EPS is different and the
density of EPS in each size is different. The idea of setting up this EPS plant
is, therefore, to give the best safety to the riders, " he added.
The
company has bought 8836 square metres of new land adjoining the existing plant.The
new plant in Baddi will have a total of 60,000 square feet of built-up area and
will be ready by the end of 2022. The plant will have an average production
capacity of manufacturing 22,000 EPS a day. The new EPS plant facilities will
ensure direct employment for over 150 individuals. The highly automated plant
will employ the latest manufacturing processes.
With
this new facility, Steelbird now has eight manufacturing factories in the
country, with four being located in Noida and four in Baddi. Steelbird is currently
manufacturing 20,000 helmets per day and is growing at a 22% CAGR. The company
also exports its helmets to over 60 countries.