Gestamp Rs 260 crore investment in first hot stamping plant in India

The new Pune plant will employ 130 people in 2017 and will involve the introduction of hot stamping in the country. The launch of this technology in India by Gestamp will enable the latter to provide much of its industrial capabilities in this market. The new plant, the construction of which has been completed, has begun to manufacture previous series and is scheduled to begin serial production in May this year.

Loire Gestamp, a company from the Group specialising in the design and manufacture of press lines, has installed in the new plant a hot stamping line with a 1,200 ton press, incorporating automatic connections for changing tools, thermal imagers and a monitoring system. 

Gestamp’s new plant in India is the third in this market, where nearly Euros 150 million (approx Rs 1080 crore or Rs 10.8 billion) have been invested since the group’s arrival in 2008. In addition, the company has an R&D centre in which work is carried out to lighten the weight of vehicles, thereby increasing their safety.

The Spanish multinational is already working with Ford, Volkswagen Skoda, Renault and Nissan in India. Since Gestamp began operations in India, its turnover has increased almost nine-fold, from Euros 19 million (approx. Rs 1.3 billion) in 2008 to Euros 157 million (approx. Rs 10.4 billion) in 2015.