As part of a calculated move to strengthen its position in the Indian market, Igus, a global manufacturer of motion plastics, opened a brand-new, 92,000-square-foot production facility in Bengaluru’s Mandur neighbourhood near Budigere.
As Igus India gets ready to concentrate on new divisions devoted to the semiconductor and renewable energy sectors—areas primed for significant growth—this development represents a major turning point for the company. Igus’s long-term goal to improve its operating capabilities and service its vast Indian customer base includes this development.
Since its founding as a subsidiary in 2000, Igus India—a wholly-owned subsidiary of the German company Igus GmbH—has emerged as a significant force in the motion plastics market. Igus India has established a strong presence in India, with over 19,000 customers.
With over 125,000 pieces in its wide library, the organization can do countless locally-based assemblies based on customer requirements. Annually, the company introduces more than 200 new goods on average, demonstrating its dedication to both innovation and client happiness.
With a significant investment of over INR 100 crores (roughly 12 million euros), the new Bengaluru facility highlights igus’s dedication to the Indian market. INR 20 crores for factory setup, INR 40 crores for sophisticated injection moulding machinery, and INR 20 crores for manufacture are all included in the financial allotment.
The facility is outfitted with state-of-the-art machinery and infrastructure that satisfies the exacting requirements of the motion plastics manufacturing industry, guaranteeing that Igus India will always provide its clients with top-notch goods. We continue to search for the opportunity to buy our own land.
Deepak Paul, Managing Director of Igus India, emphasized the strategic importance of this expansion, stating, “The Indian market presents tremendous potential for Igus, as demonstrated by our continued growth and investment here. Our objective is to deliver cutting-edge products and solutions not only to our customers in India but also on a global scale. Igus’s global focus on cost-sensitive and sustainable solutions, encapsulated in our motto ‘Tech up, cost down,’ is perfectly aligned with the Indian approach to technology and innovation. This alignment has been a key driver of our significant growth in the country. As we look forward, our plans include expanding beyond Bengaluru, with logistics and assembly centers set to be established in Pune, Gurugram, and Noida.”
Among Igus’s 38 worldwide subsidiaries, Igus India is presently the sixth-largest, a ranking that attests to its solid success and room for expansion.
Igus India’s market growth has twice in the last two years, as revenue has increased from ?199 crores to ?313 crores. The company projects a revenue of ?340 crores for 2024 and expects this increasing tendency to continue.
To further improve its capacity for quality control and product development, Igus India also intends to build a comparable setup in India after investing in a clean room testing facility in Germany.
Santhosh Jacob, Country Manager and Director of Igus India, added, “Technology and innovation are at the core of everything we do at Igus. With a catalogue of 125,000 parts and 247 new products introduced this year, we are constantly inspired by our customers’ needs to push the boundaries of what is possible. Our ongoing expansion of the motion plastics product world, coupled with the integration of digitalization and AI, is a testament to our long-term corporate strategy. We are making significant progress in embedding digitalization as a key technology at Igus, which will play a crucial role in our future growth and success.”
Talking about Igus India focus on sustainability and commitment to the environment, Igus will focus on the emerging semiconductor and renewable energy businesses by investing on people, and participating in Industry specific shows with the presence of Industry specialists from Germany.
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