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SMI opens its new factory with an investment of Rs 225 Crore
The Business Guardian
|July 13, 2024
Shibaura Machine India (SMI), a subsidiary of Japan’s Shibaura Machine, the leading manufacturer of high-precision injection moulding machines in the world, has inaugurated its Unit 2 factory, adjacent to its existing factory in Chembarambakkam, Chennai, India.
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Built with an investment of Rs 225 crore, the new facility is all set to expand SMI’s manufacturing capacity in the country. SMI has a world class facility in Chembarambakkam that manufactures about 1200 injection moulding machines and auxiliary equipment in a year. The machines find their applications in automotive, electrical, household & furniture, material handling, medical, packaging, preforms, PVC, toys, writing instruments, and other industries. The company has a growing customer base in India and over 45 countries in North America, the Middle East, East & West Africa, and the SAARC region. With the new factory, the manufacturing capacity of SMI will be increased to 4000 units a year in a phased manner. SMI began its operations in 2012 with the takeover of the plastics machinery business of Larsen & Toubro founded in 1990. The company has laid the foundation stone for the construction of a
This story is from the July 13, 2024 edition of The Business Guardian.
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