igus strengthened presence in Indian market

April 18, 2013 12:30 pm

German based igus GmbH, one of the world’s leading manufacturers of energy supply systems including cables and all accessory components, announced a slew of significant initiatives and growth plans for the India market. Today igus supplies to diverse and fast growing sectors such as automotive, machine tools, robotics, medical, packaging, steel, food, textile, material handling, ports, cement, mining, energy, etc.   According to the company, igus India grew nearly 25 times in the Indian market in the last 10 years and close to 40 per cent growth in the last financial year- net sales in the country is expected to close at an estimated Rs. 60 crore at the end of FY 2012-13.  The company expects to double its growth in the country over the next three years. It looks to expand its current network of 11 offices to over 16 across regions in the coming year and will double its sales force to support the growth plans.
“To further support our growth plan and maintain the leadership position igus GmbH in the near future would look at investing in a state of art factory with the highest production standards based on Lean methodologies” said Marc Poensgen, Head, International Group Development – Asia, igus GmbH.
The company has launched 145 new products and range extensions at IMTEX 2013. It has expanded facilities by 250 per cent since 2010 and increased availability of local stock by 100 per cent.