Lenze Mechatronics, a subsidiary of Germany-based Lenze SE, has set up a manufacturing facility at Chakan near Pune. The company has invested Rs 25 crore in this facility.
It will manufacture gear motors and other technical engineering goods.
The company has other three small facilities one at Bhosari and two at Wagholi which will be brought to the new facility at Chakan.
In India, the company specialises in motion centric automation and has been in operation since 2005. In the current financial year, the company has recorded a revenue of Rs 50 crore.
"India has a huge potential especially in the auto, textiles printing and packaging sectors and is the second biggest market for the German machine industry. We expect our business to grow at 20 per cent CAGR, and we expect to double our capacities in 4-5 years", said Erhard Tellbuesher, CEO Lenze SE.
The new facility will increase the capacity four times from that of Bhosari plant and will increase the product capacity ( gear boxes) from up to 11Kw to up to 18.5 kw. According to Thomas Cord, managing director, Lenze Automation said that the company is also expanding its software development centre for automation systems in the next three years which currently has 30 engineers.
Lenze is currently has manufacturing facilities in Germany, Switzerland, USA, Italy and China and India.
