OBO Bettermann, a Germany company in the electrical support infrastructure business, is planning to invest 150 crore to set up a manufacturing facility at Chennai. The company has already acquired a 5-acre plot, it is learnt.

The proposed facility will manufacture metal-based electrical and data cable support systems for the growing domestic and other Asian markets. OBO has been present in India since 2008 but has had no manufacturing facility. The Indian market for electrical and data cable support systems is estimated at 1,200 crore, and is mostly served by smalltime fabricators in the unorganized sector.

OBO Bettermann is a €400-million enterprise and is engaged in products and solutions relating to cable management, cable carrying systems, fire protection systems, cable routing systems, under-floor cable systems, etc.

The group caters to several countries round the globe, and currently has manufacturing facilities in Germany, Hungary, Brazil and Italy.