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IGUS TO INVEST RS 100 CRORE TO STRENGTHEN OPERATIONS IN INDIA
The Machinist
|June 2023
igus, a world leader in motion plastics, announced the setup of a new facility at Bengaluru, India
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With this, igus aims to further strengthen and grow its successful operations in the country for over two decades, since it established as a subsidiary in 2000. igus India, a wholly owned subsidiary of the German motion plastics company igus GmbH, announced at a press conference held in Bengaluru on 5th June, 2023, about investing Rs 100 crore to enlarge the availability of items and establish value adding processes at its new plant.
igus India has taken up a new four-acre facility near Budigere in Bengaluru. igus’ new facility will be spread over 84,000 sq feet with world-class equipment and infrastructure in motion plastic production. igus has already invested around Rs 15 crore in the first phase of construction of the facility, which is expected to be operational in the coming months.
This story is from the June 2023 edition of The Machinist.
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