igus India is setting a new milestone in its expansion strategy by inaugurating a huge manufacturing facility in Mandur near Budigere, Bengaluru. This strategic move, backed by an investment of over ₹100 crores (12 million euros), is aimed at bolstering production capacities to meet the growing demands of emerging industries, particularly semiconductors and renewable energy. The company, forecasting a significant revenue jump to ₹340 crores this year, is also planning to establish logistics and assembly centers in Pune, Gurugram, and Noida, enhancing its operational efficiency and customer service across India.
In a strategic move to fortify its footprint in the Indian market, igus, a global leader in motion plastics, has inaugurated a state-of-the-art, 92,000 sq ft manufacturing plant in Mandur near Budigere in Bengaluru. This development marks a significant milestone for Igus India, as it prepares to focus on new divisions dedicated to the semiconductor and renewable energy sectors, areas poised for substantial growth. The expansion is part of Igus’s long-term strategy to enhance its operational capabilities and support its extensive customer base in India.
Igus India, a wholly-owned subsidiary of the German-based Igus GmbH, has been a major player in the motion plastics industry since its establishment as a subsidiary in 2000. With over 19,000 customers in India, Igus India has built a robust presence. The company boasts an extensive catalogue of 125,000 parts, which can be used for innumerable customer demand-based assemblies done locally. On an average over 200 new products are introduced annually, underlining its commitment to innovation and customer satisfaction.
The new Bengaluru facility represents a substantial investment of over ₹100 crores (approximately 12 million euros), showcasing igus’s commitment to the Indian market. The financial allocation includes ₹20 crores for setting up the factory, ₹40 crores for advanced injection moulding machines, and ₹20 crores for the manufacturing process. The plant is equipped with cutting-edge technology and infrastructure designed to meet the high standards of motion plastics production, ensuring that Igus India continues to deliver world-class products to its customers. We are still also on a look out for purchasing own land.
Deepak Paul, Managing Director of Igus India, emphasized the strategic importance of this expansion, stating, “The Indian market presents tremendous potential for Igus, as demonstrated by our continued growth and investment here. Our objective is to deliver cutting-edge products and solutions not only to our customers in India but also on a global scale.”
He further added, “Igus’s global focus on cost-sensitive and sustainable solutions, encapsulated in our motto ‘Tech up, cost down,’ is perfectly aligned with the Indian approach to technology and innovation. This alignment has been a key driver of our significant growth in the country. As we look forward, our plans include expanding beyond Bengaluru, with logistics and assembly centers set to be established in Pune, Gurugram, and Noida.”
Igus India is currently the 6th largest subsidiary among Igus’s 38 global subsidiaries, a position that reflects its strong performance and growth potential. Over the past two years, Igus India has doubled its market growth, with revenue figures climbing from ₹199 crores to ₹313 crores. The company expects this upward trajectory to continue, projecting a revenue of ₹340 crores for 2024. Additionally, Igus India has invested in a clean room testing facility in Germany and plans to establish a similar setup in India, further enhancing its product development and quality assurance capabilities.
Santhosh Jacob, Country Manager and Director of Igus India, added, “Technology and innovation are at the core of everything we do at Igus. With a catalogue of 125,000 parts and 247 new products introduced this year, we are constantly inspired by our customers’ needs to push the boundaries of what is possible. Our ongoing expansion of the motion plastics product world, coupled with the integration of digitalization and AI, is a testament to our long-term corporate strategy. We are making significant progress in embedding digitalization as a key technology at Igus, which will play a crucial role in our future growth and success.”
Talking about Igus’ focus on sustainability and commitment to the environment, Igus will focus on the emerging semicon and renewable energy businesses by investing on people, and participating in Industry specific shows with the presence of Industry specialists from Germany. Igus GmbH, headquartered in Cologne, Germany, is a global leader in the development and production of “motion plastics,” which are high-performance, lubrication-free polymers designed to enhance technology and reduce costs in applications involving movement.
As a family-run business with a presence in 31 countries and a workforce of 4,600 people worldwide, Igus specializes in energy supplies, highly flexible cables, and bearing technologies such as plain, linear, and lead screw made from tribo-polymers. In 2022, Igus achieved a turnover of €1.15 billion in sectors like cable management systems and robotic automation. The company fosters innovation through extensive research in the industry’s largest test laboratories, offering over 234,000 articles available from stock with calculable service lifetimes online.
Recent expansions include ventures into 3D printing, Lean Robotics via the RBTX platform, and intelligent “smart plastics” for Industry 4.0 applications. Igus also emphasizes environmental sustainability through initiatives like the “chainge” program, which recycles used e-chains, and investments in technologies converting plastic waste into oil.
