Bonfiglioli Invests ₹ 320 Crores in India Expansion, strengthening Local Manufacturing and Innovation
Lays Foundation Stone for latest Indian Facility and Inaugurates Global Technology and Innovation Centre Chennai, India – October 17, 2024 – Bonfiglioli Transmissions Pvt Ltd, the Indian subsidiary of Bonfiglioli Group, global leader in power transmission and drive solutions, celebrated a significant milestone with the foundation stone laying ceremony for its new Industry and Automation facility in Cheyyar, Tamil Nadu, and the inauguration of its Technology and Innovation Hub in Chennai.
The 25-acre Cheyyar plant, scheduled to commence operations by 2025, reinforces Bonfiglioli ‘s commitment to the ‘Make in India’ initiative and solidifies its position as one of India’s largest gearbox manufacturers. The facility will feature state-of-the-art machinery, create 150-200 job opportunities, and cater to growing domestic demand for heavy-duty industrial gearboxes. Bonfigliol’s latest investment is a strategic continuation of its previous year’s investment in pune, expanding its manufacturing capabilities for light and medium duty industrial gear boxes.
Bonfiglioli ‘s new Global competence centre , The Bonfiglioli Technology Space in Chennai, represents another milestone in the global Bonfiglioli innovation ecosystem, housing 180 engineers with diverse expertise. This cutting-edge facility will focus on research, development and technical support, integrating advanced technologies to create breakthrough solutions. The centre will also house testing laboratories that could be used to simulate real field working conditions.
Ms. Sonia Bonfiglioli, Chairwoman, Bonfiglioli S.p.A., stated, “With a targeted turnover of ₹1,900 crores by year-end, Bonfiglioli is poised for another significant growth in India. This strategic expansion reinforces our commitment to innovation and excellence. Together, these initiatives will create significant employment opportunities and bolster our presence in the region, paving the way for sustained growth and increased local market competitiveness.”
Mr. Kennady V. Kaippally, Country Manager, Bonfiglioli India, added, “The Cheyyar facility and Bonfiglioli Technology Space position us to cater to growing local demand and meet the need for innovative solutions. Our investment in cutting-edge technologies and talent strengthens our leadership position and contributes to India’s industrial development.”
About Bonfiglioli India
Bonfiglioli Transmissions Pvt. Ltd. is the Indian subsidiary of Bonfiglioli Group. Established in 1998, we have manufacturing units at Chennai and Mannur focussed on making gearboxes and gearmotors for mobile machinery, wind turbines and industrial processes.
Bonfiglioli India also has an assembly plant at Pune which serves customers in the food, packaging, cement, steel, pharmaceutical, textile, material handling, sugar, power generation, paper and water treatment sectors. With high-tech, smart production and superior solutions, backed by a global R&D centre, test lab and far-reaching service network, Bonfiglioli India caters to the growing, evolving needs of India.
About Bonfiglioli Group
Bonfiglioli is a worldwide designer, manufacturer and distributor of a complete range of gearmotors, drive systems, planetary gearboxes and inverters, which satisfy the most challenging and demanding needs in industrial automation, mobile machinery and renewable energy. The Group serves more industries and applications than any other drives manufacturer and is a market leader in many sectors; its three business areas – Industry & Automation Solutions, Mobility & Wind Industries, Selcom Group – embody all the expertise and experience acquired over the years in the respective industries. Established in 1956, Bonfiglioli operates worldwide in 80 countries with 23 commercial sites, 18 production sites, a wide distribution network comprising more than 550 partners, and can count on over 4.700 professionals. Excellence, innovation, and sustainability are the drivers behind the growth of Bonfiglioli as a company and team and represent the guarantee of the products and services quality offered its clients.
More information available at www.bonfiglioli.com.
