(L-R) - G. Balaji, CFO, Bonfiglioli India; Fausto Carboni, CEO, Bonfiglioli Group; Sonia Bonfiglioli, Chairman, Bonfiglioli Group; Kennady V Kaippally, Country Manager, Bonfiglioli India; & Ravi Pisharody, Independent Director, Bonfiglioli India

This new investment is part of a wider expansion plan for India, which includes the existing facility in Chennai and a plant in Mannur, located close to Sriperumbudur, both focused on making gearboxes and gear motors for mobile machinery, wind turbines and industrial processes. Meanwhile, the recently opened assembly plant in Pune, western India, provides 90,000 units per year, serving customers in the food, packaging, cement, steel, pharmaceutical, textile, material handling, sugar, power generation, paper and water treatment sectors.

Bonfiglioli's 2017 revenue in India reached 7,332 million rupees, equal to 91.65 million euros, with a growth more than 80 percent over the past 5 years. With the new facility in Chennai, the company expects to continue growing in the next year.

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