Bonfiglioli Conducts ‘Bhoomi Puja’ for INR 100 Crores High Tech Assembly Facility in Pune
Pune, 8th December 2022: Bonfiglioli Transmissions Pvt Ltd, the Indian subsidiary of Bonfiglioli Riduttori S.p.A., a global leader in Power Transmission & Drive Solutions, has conducted ‘Bhoomi puja’ today for a 42,500 sq.mtr high tech, smart assembly facility in Pune, in the presence of Customers, Partners, Government authorities, leadership team and employees.
The company already has a 7,500 sq.mtr., assembly facility in Pune. The new, bigger facility, scheduled to commence operations by Nov 2023, will be set up at an investment of INR 100 Crores. The new facility will feature high tech and real time smart assembly operations and will boast of an eco-friendly and people-friendly environment.
With the proposed expansion in assembly operations, the company aims to better serve its market in the western region catering to over 20 verticals in the discrete manufacturing and processes sector. It will also offer a wide range of customized products, reduce lead time, quick delivery timelines due to increased proximity.
Following the commencement of the new facility, Bonfiglioli Transmissions will expand its team size, hiring more skilled staff and technicians. The company, in operation in India since 1999, has three production facilities, two in Chennai, and one in Pune. It is a market leader in the country in a range of gearmotors, drive systems, planetary gearboxes, and inverters that find applications in industrial automation, mobile machinery, and power generation, among others. Currently, Bonfiglioli has a production capacity of over 3,50,000 units of gearboxes and gear motors, its flagship product categories. Its turnover for 2021-22 financial year is INR 1,428 Crores up from INR 1,120 for the previous financial year.
Commenting about the proposed assembly facility in Pune, Mr. Kennady V. Kaippally, Country Manager, Bonfiglioli India, said, “We are committed to support industrial development in India by supplying smart and efficient systems required for Industry 4.0 operations. The western region represents a high growth market. We are expanding our assembly facility in Pune to better serve this growing and evolving market. The new facility will have the highest standards of quality and safety, consistent with other Bonfiglioli locations worldwide. It will be a hi-tech, real-time smart assembly facility that will help us introduce a wide range of products to 20-odd verticals including food, packaging, cement, steel, pharmaceutical, textile, material handling, sugar, power generation, paper and water treatment sectors. We are excited with the proposed plant as it will also increase the cost competitiveness of our products and reduce lead time to our customers.”
