Swiss firm to set up machine tools plant in Bangalore

January 19th, 2011 - 11:32 pm ICT by IANS  

Bangalore, Jan 19 (IANS) Global turnkey solutions provider StarragHeckert AG will set up a machine tools plant here with an upfront investment of Rs.500 million (Rs.50 crore), a top official said Wednesday.”This is the first time we are setting up a manufacturing facility outside Europe to roll out high-end machines that are customised to meet the requirements of the burgeoning Indian industry,” StarragHeckert managing director for precision machine unit Eberhard Schoppe told reporters.

To be located in the upcoming Aeropark near the Bangalore International Airport at Devanahalli, about 40km away, the greenfield plant will design, develop and manufacture machining parts under its global brand “WMW.”

These parts are meant for original equipment manufacturers of heavy duty vehicles, tractors, earthmovers, windmills, compressors, power generation engines, valves, turbine blade root and general engineering.

“Till the plant is built and commissioned in the next 24 months (2012), we will import the machine parts from our German plant. The made-in-India machines will be about 30 percent cheaper than the imported ones with about 40 percent localisation,” company’s Indian subsidiary managing director A.N. Chandramouli said.

With imported machine tools accounting for about 70 percent of the domestic consumption, the Swiss-German firm plans to introduce subsequently a range of other machine parts to the Indian OEMs across the verticals, especially, transport, power, aerospace and construction equipment.

State-run defence firm Hindustan Aeronautics (HAL) and Bharat Heavy Electricals (BHEL) are some of the major customers of the global firm sourcing its machines.

In the run-up to setting up the plant, the European firm has established a technology centre in the city’s industrial hub at Peenya with an initial investment of Rs.60 million (Rs.6 crore) to support and service Indian customers importing its machines from Switzerland and Germany.

As milling experts, the 150-year-old StarragHeckert also provides productivity enhancing software, engineering solutions, process optimisation, a wide range of special tools and fixtures.

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