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Leoni opens second manufacturing plant in India

EM News Bureau ,  Monday, June 17, 2013, 17:49 Hrs  [IST]

Leoni Pune PlantLeoni, a global provider of cables and cable systems to the automotive sector and other industries, opened its new plant near Pune, from where it will deliver customers from different industries with cables and cable systems.

This is Leoni’s second production site in India. In 2010, the company already opened an engineering office and a manufacturing facility for automotive wiring systems, also located near Pune. The new plant with a production area of around 15,000 sqm has already started manufacturing of standard cables for the fast growing automotive industry. At a later date, it will also produce automotive special cables.

“India promises attractive medium- and long-term growth prospects for several of our targeted industrial markets”, said Dr. Klaus Probst, President & CEO of Leoni AG, in a release. “Opening this new plant near Pune is an essential move to better serve local customers and to drive our globalization in India and close-by countries.”

By the end of this year, Leoni plans to make an investment of around 11 million euros in the new facility, and expects to have about 140 employees working there.

Leoni also plans to install electron beam equipment latest by 2015, to manufacture the latest generation of very robust and durable cables for solar and railway applications. The new facility will also make cables for critical applications in oil & gas, petrochemicals, power plants, water treatment and other process industries. Leoni plans to export a major portion of such products to other countries.
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