Bonfiglioli has already invested around Rs. 60 Crores in a facility and the another proposed facility along with an R&D unit will need investment amount of roughly Rs. 40 Crorers.
Bonfiglioli is a leading gearbox makers and designs, manufactures and distributes a complete range of gear motors, drive systems and planetary gearboxes for segments including industrial processes, automation, mobile and renewable energy applications.
The company is present in India since 1998 and has so far invested about Rs 650 crore.
As said by Sonia Bonfiglioli, Chairman & CEO of the Company:
“Despite the global economic slowdown, 2011-12 has been the year in our history. We continued to invest in new and emerging markets through the slump. The company invested close to Rs 150 crore in expansions in each of the last three years. Since India is our top market, we have been putting our money here. We have so far manufactured and sold over 22-lakh gear boxes and gear motors from our Chennai plant. Extending it further, the second facility and the R&D unit would not only cater to the growing domestic market but also to our global customers.
The second facility near Chennai would be dedicated to industrial products. The company has so far been making small- and medium-sized motors. The focus now would be on larger products for heavy-duty applications.
While it has already localised about 80 per cent of component sourcing in India, Bonfiglioli would strive to procure from domestic suppliers for the new applications.
More Literature on this topic:
- http://www.mydigitalfc.com/news/bonfiglioli-italy-sets-second-plant-chennai-406
- http://www.bonfiglioli.com/en/corporate/company/history
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