Indian Power Sphere: Bonfiglioli

Showing posts with label Bonfiglioli. Show all posts

May 12, 2012

Bonfiglioli to manufacture solar inverters in India…

Power India found that Bonfiglioli (Italian gearbox maker) is planning to produce solar inverters in India.

Recently, Bonfiglioli has set up its second plant in Chennai, where in it produces a range of products such as gear boxes, motors and drives etc for wind and other applications.

So far company has invested Rs 650 crore in India operations in the last 13 years. In the last two years, it invested Rs 120 crore.

Apart from the drives, in recent times, Bonfiglioli has also emerged as one of the top suppliers for solar inverters, and has sold inverters for 200 MW of solar plants. As the business in India is set to grow, the company wants to make them here.

At present, the inverters come from Germany, Ms Sonia Bonfiglioli, Chairman of the group, told a press conference here on Wednesday.

Mr M. Ganesh, Chief Executive Officer, Bonfiglioli Transmissions (Pvt) Ltd, said at present the company has inverters of capacities starting from 250 kV, but is working on making smaller inverters —10 kV and above — suitable for rooftop solar applications.

Bonfiglioli further intends to invest Rs 40 crore more over the next two years. One of Bonfiglioli's businesses in India is the manufacture and supply of yaw motors for windmills, which move the wind turbines to the direction of the wind flow.

May 10, 2012

Italian Gearbox maker, Bonfiglioli, planning to set up another plant in Chennai…

Power India found that Bonfiglioli Transmissions (the Italian gearbox maker) is planning to set up its second plant at Sriperumbudur near Chennai.

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.