Igus India Expands with New 92,000 sq ft Manufacturing Plant

Igus Invests ₹100 Crores in Bengaluru Plant, Targeting  Semiconductors and Renewable Energy

 In a strategic expansion to bolster its presence in the Indian market, Igus, a global leader in motion plastics, has inaugurated a cutting-edge 92,000 sq ft manufacturing facility in Mandur, near Budigere, Bengaluru.

This expansion aligns with Igus India’s focus on emerging sectors like semiconductors and renewable energy, which are anticipated to drive significant growth. The new plant is a key component of Igus’s long-term strategy to enhance its operational capabilities and support its extensive customer base across the country.

Since its inception in 2000 as a wholly-owned subsidiary of Igus GmbH, Igus India has established a robust foothold in the motion plastics industry. Serving over 19,000 customers with a comprehensive catalog of 125,000 parts, the company is known for its innovation and customer-centric approach.

On average, Igus India introduces over 200 new products annually, highlighting its dedication to advancing technology and meeting diverse customer needs.

The new Bengaluru facility, a significant investment of over ₹100 crores (approximately 12 million euros), underscores Igus’s commitment to the Indian market. This investment includes ₹20 crores for setting up the factory, ₹40 crores for advanced injection molding machines, and ₹20 crores for the manufacturing process.

Equipped with state-of-the-art technology, the plant is designed to meet the high standards of motion plastics production, ensuring that Igus India continues to deliver top-tier products. Additionally, the company is actively seeking to purchase its own land for future expansions.

Deepak Paul, Managing Director of Igus India, emphasized the strategic importance of this expansion, stating, “The Indian market holds immense potential for Igus, as evidenced by our continuous growth and investment here.

Our goal is to deliver innovative products and solutions to our customers in India and globally. Igus’s global strategy of cost-effective and sustainable solutions, captured in our motto ‘Tech up, cost down,’ aligns perfectly with India’s approach to technology and innovation. This synergy has been a major factor in our significant growth in the country.”

Looking ahead, Igus plans to extend its reach beyond Bengaluru by establishing logistics and assembly centers in Pune, Gurugram, and Noida. Currently, Igus India ranks as the 6th largest subsidiary among Igus’s 38 global subsidiaries, reflecting its strong market performance and growth potential.

Over the past two years, Igus India has doubled its revenue from ₹199 crores to ₹313 crores, with expectations to reach ₹340 crores in 2024.

Santhosh Jacob, Country Manager and Director of Igus India, added, “Technology and innovation are the cornerstones of Igus. With a catalog of 125,000 parts and 247 new products introduced this year, we are driven by our customers’ needs to push the boundaries of innovation.

It’s  ongoing expansion of the motion plastics product range, along with the integration of digitalization and AI, is a testament to our long-term corporate strategy. Digitalization is becoming a key technology at Igus, and it will play a crucial role in our future growth.”

In line with its commitment to sustainability and environmental responsibility, Igus is focusing on emerging industries like semiconductors and renewable energy.

The company plans to invest in people and participate in industry-specific shows, supported by industry specialists from Germany.

Brief About Igus:

Igus GmbH specializes in developing and producing motion plastics, which are high-performance, lubrication-free polymers designed to enhance technology and reduce costs in moving applications.

As a global leader in energy chains, highly flexible cables, plain and linear bearings, and lead screw technology made from tribo-polymers, Igus stands at the forefront of innovation. The family-owned company, headquartered in Cologne, Germany, has a presence in 31 countries and employs 4,600 people worldwide. In 2022, Igus achieved a turnover of €1.15 billion.

Igus is dedicated to continuous innovation through research in its industry-leading test laboratories, which drive new developments and enhance user safety. The company offers 234,000 products available from stock, with service life calculations accessible online.

In recent years, Igus has expanded by launching internal startups focused on areas such as ball bearings, robot drives, 3D printing, the RBTX platform for Lean Robotics, and smart plastics for Industry 4.0. Among its key environmental initiatives are the “chainge” program for recycling used e-chains and an investment in a company that converts plastic waste into oil.