The company is investing Rs 10 crore for this facility and it is likely to be functional by Oct 2012.
Fischer-Brodbeck GmbH (FIBRO), Germany based manufacturer of standard parts for the sheet metal and moulding industry would be setting up a manufacturing unit at Chakan near Pune. The company is investing Rs 10 crore for this facility and it is likely to be functional by October 2012.
Fibro GmbH has been present in the Indian market since 1996 with its authorised distributor 'Nitoo Sales' based in Pune.
Looking at the growth opportunity, the company decided to expand its operations in India and formed an Indian subsidiary Fibro India Standard Parts Private Limited in the year 2008.
"Currently, we are focusing only on standard parts and looking at only one business area at a time. Asia is the biggest market for us and in future all the major OEMs from Europe or USA will source their products at a local level. We have seven manufacturing sites across the world. This upcoming manufacturing unit reiterates our commitment to Indian market; of bringing the best class German quality products to Indian tooling and die casting industry", said Henning Klempp, director, business area standard parts, Fibro.
"We have chosen Pune for setting up the manufacturing plant due to its profile of being one of the most important automobile hubs in the country and due to presence of most of our European customers here," he added.
Sagar Jog, managing director, Fibro India said that this plant will help the company to build capacities for catering to the growing demand from the Indian auto, electronic and home appliances industry.
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Apart from reducing the lead time, the company would now also be able to offer the high quality German parts at competitive pricing. The new plant will also enable Fibro to start manufacturing more types of parts in India. The company is expecting business of Rs 15 crore from India market.
After this new plant becomes fully operational, Fibro would also be exploring the possibilities of exporting to Asian countries apart from sourcing the parts from here for the European markets.
The company has wholly owned subsidiaries in countries like France, USA, Canada, India Switzerland, Singapore and China. Its total revenue for the year 2010 was 90 million Euros.