Venjakob plans India facility

Tags: Companies
Venjakob Maschinenbau, a German multinational manufacturer of lacquer coating machines, plans to set up its own factory in India in two-three years to aggressively tap the automotive, wood and steel industries in the country.

“We are very bullish on the Indian growth trajectory and with the steady demand for our products, we will set up our own factory in Pune within two-three years,” Christian Nüber, managing director at Venjakob Worldwide, told Financial Chronicle.

He said to start with, the privately-held company has launched a new wood finishing machine “Venspray SMART II” for the Indian wood and furniture industry.

“This is the first entry-level machine that will be manufactured in India for the domestic market by a third party manufacturer in Pune,” Nuber said.

He said these specialised machines carry a sticker price of over Rs 65 lakh each. He said the bigger machines from Germany, which are sold in India, cost over Euro 800,000 each.

Nuber said its wholly owned Indian subsidiary Venjakob Finishing Solutions will adapt the designs from Germany and manufacture the machine at Pune.

Till date Venjakob machines were imported from Germany and installed for their diverse customers across the country. In 2010, it set up a wholly-owned Indian subsidiary to provide services to its growing client base.

In 2012, the company started the plastics division to cater to the automobile original equipment makers (OEMs), and durable plastics manufacturers.

India is a strategically important market. While we are looking to expand the customer base in the country, we are also looking at making India the manufacturing hub for the entire range of our machines for global markets," Nüber said.

michaelgonsalves@mydigitalfc.com

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