Gestamp, a Spanish
multinational company specialised in the design, development and manufacture of
metal components for the automotive industry, has launched a new plant
specialised in hot stamping in Pune (India). The company has invested Euros 36
million (approx. Rs 260 crore or Rs 2.6 billion) in the new facility that will
provide services for Fiat Chrysler Automobile (FCA), Ford and Tata Motors. Raman
Nanda is the Country Head and President, Gestamp 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
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.
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