SCHWING Stetter India is the first among companies to have ventured into the concrete equipment business in India after liberalization. SCHWING Stetter India is a 100 percent subsidiary of SCHWING GmbH, Germany, an 80 year old, $1 billion concreting equipment manufacturer with its headquarters in Herne, Germany. The SCHWING Group has 12 manufacturing units worldwide and is present in over 145 countries. Schwing Stetter India was registered in June 1998 and began operations in 1999. In 2001, it set up its own manufacturing facility at Sriperumbudur in Chennai, followed by the second facility in 2004, exclusively to manufacture Truck Mixers. In December 2006, the company inaugurated its third facility for Concrete Batching Plants. In March 2012 the company inaugurated its fourth facility for world class fabrication to support the three existing manufacturing facilities to meet the growing demands.