CHENNAI: Shibaura Machine India (SMI), a fully owned subsidiary of Shibaura Machine, Japan, which manufactures high-precision injection moulding machines, has expanded its Chennai facility with a second factory.
With an investment of Rs 225 crore, the new manufacturing unit has been established at Chembarambakkam on the outskirts of the city.
This would increase the manufacturing capacity from 1,200 machines to 4,000 annually, SMI said in a statement here on Thursday.
Shigetomo Sakamoto, president, Shibaura Machine Group, Japan, said, “India has been a strategic investment destination for us and it represents a growing market for our products. Our new second unit will see doubling of production capacity and rapid strides in the adoption of advanced material technology, control, mechatronics and IoT in our Indian factories in the next three years.”
M Kumar, managing director, SMI, said, “With the new investment, we will continue to grow our capacity and team. We will add new products and increase our customer base, buoyed by the track record of being able to meet varied requirements of our customers and the stringent standards of importing countries USA, Africa, Middle East, Europe, South & Southeast Asia.”
The machines find applications in various industries including automotive, electrical, household and furniture, material handling, medical, packaging, preforms, PVC, toys and writing instruments.
With an investment of Rs 225 crore, the new manufacturing unit has been established at Chembarambakkam on the outskirts of the city.
This would increase the manufacturing capacity from 1,200 machines to 4,000 annually, SMI said in a statement here on Thursday.
Shigetomo Sakamoto, president, Shibaura Machine Group, Japan, said, “India has been a strategic investment destination for us and it represents a growing market for our products. Our new second unit will see doubling of production capacity and rapid strides in the adoption of advanced material technology, control, mechatronics and IoT in our Indian factories in the next three years.”
M Kumar, managing director, SMI, said, “With the new investment, we will continue to grow our capacity and team. We will add new products and increase our customer base, buoyed by the track record of being able to meet varied requirements of our customers and the stringent standards of importing countries USA, Africa, Middle East, Europe, South & Southeast Asia.”
The machines find applications in various industries including automotive, electrical, household and furniture, material handling, medical, packaging, preforms, PVC, toys and writing instruments.
