NORD DRIVESYSTEMS inaugurates new facility in Pune
It is the company’s third facility in India’s
NORD DRIVESYSTEMS has announced the expansion of its current facility at Hinjewadi, Pune. The inauguration was done at the hands of Vikram Kumar (IAS) Metropolitan Commissioner, PMRDA. Also present at the occasion were Jutta Humbert, Managing Partner, NORD DRIVESYSTEMS Group, P L Muthusekkar, MD, NORD DRIVESYSTEMS amongst other dignitaries.
As of today NORD DRIVESYSTEMS India’s manufacturing facility has an installed capacity of 42000 Geared motors per annum plus a 22000 Electrical Motor Assembly with a utilisation factor between 75 to 80%. These requirements are served through two of our NORD production plans, one in Hinjewadi MIDC Phase II started in November 2007 and the second facility in Hinjewadi MIDC phase I which was established in the year October 2017. Considering the consistently growing Indian market and NORD India consolidating its presence further, the Management has taken a decision to further increase its production capacity especially for the Large gearboxes & IGU. (Industrial Gearbox Units)
Speaking at the occasion Jutta Humbert, managing partner, NORD DRIVESYSTEMS Group said, “India is the 5th largest market for us and we hope to achieve sales of 1 billion Euros globally by 2024. Currently we have 30500 active customers and have 4000+ employees globally and 115 in the Pune plant. We hope to achieve a turnover for India of Rs. 500 crores by 2024 and are planning to appoint another 25 people post our expansion now.”
The newly acquired plant expansion is just adjacent to our existing NORD DRIVESYSTEMS plant with a connecting road in between. It is spread on an area measuring 7211 sq. mtrs whilst the building area is 3213 sq. mtrs.
This will be NORD India’s third facility in row. NORD India plans to use this new available space for the production of the large gearbox assemblies whose demand is continuously increasing in the domestic market. It will also accommodate a bigger warehouse to support the proposed large gearbox production, making way for more production space in the existing building for medium size geared motors.