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ElringKlinger invests 5.0mn Euros in 1st plant in India

This article was posted on Apr 15, 2008 and is filed under Press Releases

ElringKlinger Group, a German leading development partner to the automobile industry and original equipment supplier of cylinder-head- and specialty gaskets, today inaugurated their first manufacturing facility in India, located at Ranjangaon off Pune. With presence in 21 locations across the globe and a turnover of 607.8 million Euros, ElringKlinger Group has strengthened its position as a direct supplier to customers in India. The plant has been set up at an investment of 5.0 million Euros and will have a capacity to produce several millions gaskets. The plant will manufacture gaskets for powertrain applications such as engines and transmissions especially focused on newly developed low emission gasoline as well as diesel engines.

Speaking at the occasion, Dr, Stefan Wolf, Chairman of the Management Board, ElringKlinger, said, “We are happy to announce the launch of our first manufacturing facility in India, when India is witnessing a major growth in the auto sector. India is a key market for ElringKlinger and the Group will soon look at additional investments in this high potential market.”

ElringKlinger Group is a worldwide development partner and original equipment supplier of cylinder-head and specialty gaskets, cover modules and shielding parts for the powertrain and the exhaust system. As the only globally-active independent gasket manufacturer, ElringKlinger supplies to nearly all car manufacturers in Europe, North and South America as well as numerous Asian vehicle manufacturers. The Company’s success in the spare parts sector is based upon the technical leadership and expertise for original automotive equipment: In over 140 countries, gaskets, gasket sets and accessories are renowned for their state-of-the-art technology and reliability.

Commenting on the new manufacturing facility in India, Mr. Juergen Weingaertner, MD (India), ElringKlinger Group explained, “We have closely assessed the Indian auto sector over the last few years and are now set with a plant of our own to make our presence felt. We look to bringing our global expertise and best practices along with world class products to the India consumer. With this plant in India, we will further strengthen our offerings in the global market.”

This state of the art manufacturing facility has been set up on an area of 60,000 sq. mts. and has a built up area of 5,600 sq. mts. The Plant will cater to the needs of Maruti Suzuki, Ford, Mahindra & Mahindra, Ashok Leyland, Fiat – Tata, Piaggio, MAN- Force and all automotive manufacturers and other automotive suppliers. Highlighting ElringKlinger Group’s promise to give back to the community, the company has constructed a zero-emission and completely environmentally friendly plant.

Reiterating ElringKlinger Group’s commitment to the Indian Market, Dr. Stefan Wolf, Chairman – ElringKlinger Group said, “Sighting the thriving potential lying within the Indian auto sector, ElringKlinger Group ventured into India, which as we foresee, is the next big market in Asia Pacific. Factors like the economic boom, and the surge in the auto sector will aid this growth. With a prominent presence in the automotive and manufacturing segment globally, this is a significant step for the ElringKlinger Group, keeping in line with our ambitious growth plans.”

Sourced From: Hanmer & Partners Communications Pvt. Ltd

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