Kumar works on new products from Chennai plant
Shibaura Machine India, a unit of Japanese group, is invest Rs.300 crore on a new factory at a sprawling 11+ acres, adjacent to its existing facility in Chennai, and hopes to scale up its capacity from 1,200 to 2,500 machines per year.
The new factory is expected to begin its trial production by November 2023 and is expected to create 500 new jobs in the country.
Addressing the media at the 10 years celebration of the company on 29 Sept 2022, Managing Director M. Kumar said, “With our expansion plans, we will add new products, increase our customer base, and create hundreds of new jobs, thus strengthening the government’s Make in India aspirations
“In the past 10 years, we were able to build a strong design team and develop machines to meet specific requirements of our customers and the stringent standards for exporting to countries like USA, Africa, Middle East, South & Southeast Asia.
The parent company started off as a machine tool manufacturer in 1938 in Japan.
Shibaura Machine India began its operations with the takeover of the plastics machinery business of Larsen & Toubro in 2012. The company manufactures advanced injection moulding machines and auxiliary equipment at its world class manufacturing facility in Chembarambakkam, Chennai. fiinews.com
