Chennai: Bonfiglioli Transmissions Pvt Ltd, the Indian subsidiary of Bonfiglioli Riduttori S p A, a major in manufacturing gearboxes and drive systems has opened it new manufacturing facility in Chennai, continuing with its expansion plans.
Operations commenced this month in the new 1.32 lakh sq ft facility that has been built adjacent to the existing plant at the SIDCO Industrial Area in Thirumudivakkam.
It houses modern assembly lines, a global R&D center and test labs, all built to the highest quality and safety standards, consistent with Bonfiglioli locations worldwide, a release said.
With a capacity of 75,000 units per year, the new facility will enable Bonfiglioli to serve existing and new markets and customers in off-highway, construction, mining, agriculture and material handling applications.
On the development, chairman of Bonfiglioli Group, Sonia Bonfiglioli, said, “We have believed in the potential of this country since 1999, when we laid the cornerstone in Chennai. We have grown over the years, investing in plants, research and development centers, and highly specialized staff. India is a key country for Bonfiglioli, and the good results up to now show we were right when we started the business here in Chennai. This expansion in India is part of the company’s global investment strategy in production and assembly facilities. Indeed, we are convinced that our factories are the first step in bringing value to our customers. With high-tech, real-time smart production and superior solutions, we will be able to cater to growing, evolving needs in India and in our overseas markets across the USA, Italy, China and Germany.”
Bonfiglioli’s 2017 revenue in India reached RS 7,33 crore, with a growth more than 80 per cent over the past five years. With the new facility in Chennai, the company expects to continue growing in the next year.