Sigma Freudenberg NOK (SFN),
an Indo-German- Japanese joint venture company has set up its second
production facility in Basma,
Punjab for manufacturing of critical oil
seals and sealing products for domestic and global automotive industry. The
plant has been set up with a total investment of Rs.185 crore.
The SFN Basma unit will produce oil seals including Radial
Shaft Seals for Engine, Shock Absorber Seals, Valve and Steering Seals and
Rubber Boots and O-Rings for various
Indian and global automotive companies including Maruti Suzuki, Honda Cars
India, Tata Motors, Toyota, Ford, Ashok Leyland, Lucas TVS, Toyota, Eicher,
Escorts Hyundai, Volkswagen and Mercedes.
“It will produce and export
hydraulic, pneumatic oil seals,
packaging and diaphragms for engineering industry including Tata Steel, Jindal
Steel, ABB, BHEL, ONGC, JCB, BEML, Bosch Rexorth, and tractor units” said J.D.Singh,
Chairman, Sigma group.
The 100 pc eco friendly SFN
Basma unit will generate employment for more than 2000 skilled and semi skilled
workers with about 50 per cent being women.
“The ultra modern unit set up
in 40 acres of land with 2,50,000 Sq ft as covered area in Basma is the
second unit of the SFN to come up in India. An earlier oil seal
producing unit of the SFN Joint venture has been successfully functioning in
Mohali since year 2001. The second unit has been set up to meet the ever
growing demand of oil seals in various sectors including automotive,
agriculture, construction, mining ,power and steel industry “said Singh.
“Our German partner
Freudenberg and Japanese partner NOK, cooperate globally in the oil seal
business and the alliance commands 70 pc of the global market. In India SFN
commands a dominant position in the domestic market. The various types of oil
seals which are a major critical component of any automotive or engineering
industry that seals lubricants and prevents the leakage of lubricants, water,
or chemicals, additionally prevents the ingress of dust and dirt into any
equipment, thereby substantially increasing its useful life. ”said Kabir Singh
,Managing Director , Sigma Feudenber NOK .
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