Japan's Sumitomo Forestry Co and Nagpur-based Spacewood Furnishers Pvt Ltd (SFPL) are setting up a plant to manufacture pre-hung doors in the Orange City.
The foundation stone-laying ceremony for the plant was performed by Maharashtra Chief Minister Devendra Fadnavis on 28 November, 2015.
Masayuki Tabuse and YoshihiroYoshika from Sumitomo Forestry, and Vivek Deshpande, co-founder of SFPL, were present on the occasion.
On 7 October, 2015, Sumitomo had announced acquisition of 26% equity stake in SPFL, a company that makes modular kitchens and furniture, to take advantage of the opportunities arising out of rapid urbanisation in India. The stake sale was valued at about Rs 84 crore.
Besides, the Japanese company announced to build infrastructure to sell Japanese building materials in India.
Sumitomo Forestry Group will support SFPL by providing technical knowhow from group company Sumitomo Forestry Crest Co.
The Japanese company will also leverage SFPL's existing supply chain network in India to "propose and provide quality Japanese building and housing interior materials" in India.
Spacewood and Furnishers says it manufactures 1 lakh kitchen cabinets, 30,000 bedroom sets and 50,000 work stations every year at its existing plant in Nagpur.
Fadnavis had recently visited Japan to invite businesses to invest in the state.
He also said Japan will also invest in Bhadrawati for producing equipment required for solar power plants.