Bonfiglioli invests Rs 320 cr in India expansion
ECONOMY & POLICY

Bonfiglioli invests Rs 320 cr in India expansion

Bonfiglioli Transmissions, the Indian subsidiary of Bonfiglioli Group, a 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.

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.”

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."

Bonfiglioli Transmissions, the Indian subsidiary of Bonfiglioli Group, a 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. 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.” 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.

Next Story
Infrastructure Energy

Ore Transit Halt Causes Rs 20 Mn Daily Loss, says Mining Association

The Pakistan Bureau of Statistics (PBS) reported an extraordinary 850 per cent surge in gas prices over the past four months. The Goa Mineral Ore Exporters' Association (GMOEA) stated on Wednesday that continuous disruptions in transporting iron ore from Vedanta Sesa Goa's Bicholim mine block are causing daily losses of nearly Rs 20 million. According to GMOEA secretary Glenn Kalavampara, villagers' "unreasonable demands" are having detrimental financial and reputational effects.The GMOEA emphasized that the government bears responsibility for addressing these concerns, as it had auctione..

Next Story
Infrastructure Energy

Pakistan Hit by Staggering 850% Gas Price Hike Amid Soaring Inflation

The Pakistan Bureau of Statistics (PBS) reported an extraordinary 850% surge in gas prices over the past four months. During a session of the National Assembly chaired by Deputy Speaker Ghulam Mustafa Shah, detailed data on the rising costs of essential commodities were presented. The PBS highlighted that sugar prices had increased by 53.5 per cent, while palm oil prices rose by 61 per cent over the past five years. Additionally, soybean oil, wheat, and crude oil experienced a 35 per cent price hike during the same period. The PBS attributed the overall inflation to the rising c..

Next Story
Infrastructure Energy

Iranian Oil Minister Appointed as OPEC President

Iranian Oil Minister Mohsen Paknejad has been chosen as the rotating president of the Organization of the Petroleum Exporting Countries (OPEC) for 2025. OPEC announced the election of its upcoming president in a press release on its website and expressed gratitude to Marcel Abeke, Gabon's minister of petroleum, for his leadership as the organisation's president in 2024. This announcement was reported by Xinhua news agency, citing Iran's official news agency, IRNA. IRNA reported that Paknejad expressed his dedication to leveraging all his capabilities to ensure the organisation's cons..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000