To invest the Shibaura machine Rs. 225 crore in India, doubling its production capacity. | So Good News


• Shibaura Machine India, Japan; It is a subsidiary of Shibaura Machine. high precision needle machines; equipment, Die-casting machines; A global leader in industrial robotics and nano-manufacturing systems. About 1200 to 3200 machines Chennai-based Shibaura Machine India Private Limited (SMI), a subsidiary of Japan’s Shibaura Machine, the world’s leading manufacturer of high-precision injection molding machines, has announced plans to invest Rs.225 crore. India to primarily expand its manufacturing capacity; in Chennai. SMI, Chennai; Chembarambakkam has a world-class facility that manufactures about 1200 injection molding machines and its ancillaries per year. Machines are automobiles, electricity household appliances and furniture; material handling, medical packaging preforms; PVC toys Finds their applications in stationery and other industries. The company has a growing customer base in India and North America; Middle East More than 45 countries in East and West Africa and SAARC region. With the new investment plan, SMI’s manufacturing capacity will be gradually increased to 3,200 units per year. Shibaura Machine India started its operations in 2012 by acquiring Larsen & Toubro’s plastics machinery business. To mark its tenth anniversary this year, the company has broken ground on a new manufacturing facility on a sprawling 11+ acre site. Adjacent to its current factory. The new plant is expected to start trial production in November 2023. In the next 3-4 years, SMI is expected to create new jobs and increase the team size. In addition, about 50 MSME dealers need capacity building. In announcing its investment plan, Japan President Mr. Shigetomo Sakamoto. Shigetomo Sakamoto said: “India is a strategic investment target for us, and it represents a growing market for our products. But what makes the country even more attractive is that over the years, the teams in Japan and India have cultivated a strong and fruitful partnership – as a result, SMI has been able to make improvements in manufacturing processes, increase production and bring the latest Japanese to market. SMI is the first unit outside Japan to be recognized with the prestigious Shibaura Machine’s President’s Award for technological innovation. The Indian unit has won this prestigious award twice in three years. We are confident. In the coming years, our Indian team can achieve in design, manufacturing and customer service equally in our Govt.’s Make in Ind. I promise. Aya program. Our fresh investments over the next three years will include advanced materials technology, control The adoption of mechatronics and IoT will double productivity and accelerate at a faster pace.” In his comment, Mr. M. Kumar, Director SMI said, “As we celebrate our 10th anniversary, we remember the great trust that our parent company Shibaura Machine Co., Ltd. placed in us and their support for our growth. After the takeover in 2012, SMI made improvements in manufacturing processes and increased production capacity from 600 to 1,200 machines per year. increased and sales revenue tripled. We have made steady progress year after year and crossed the milestone of selling our 10,000 machines in 2019 and 13,000 machines in October 2022. With the new investment, we will continue to improve our capabilities and team. We will add more and increase the customer base.” Shibaura Machine Group Founded in 1939 as Toshiba Machine Co. in 1939 with investment from Shibaura Engineering Works (now Toshiba Corporation). Ltd. The name was changed. Later in April 2020, the company name was changed to Shibaura. After becoming completely independent from the Toshiba Group, Machine Co., Ltd. has become the market leader and industry standard in precision injection molding machines in the world. Its product portfolio includes equipment, metal stamping machines; industrial robots; Nano Processing Systems Shibaura Machine entered India in 2012 with a 100% stake in L&T Plastics Machinery Limited, a market leader in hydraulic injection molding. Machines in India. It was incorporated as Toshiba Machine Chennai private Limited and renamed Shibaura Machine India Private Limited in 2020. In 2019, the company won the 10th National Awards organized by the Ministry of Chemicals and Fertilizers for Technological Innovation in the Petrochemical and Sub-Plastic Industry for its ‘Colors/Materials’ aimed at manufacturing. Fake articles. For this innovation, SMI received the coveted President’s Award from Shibaura Machine, becoming the first overseas unit to be honored with this distinction. SMI is strongly committed to CSR. As part of its skill development programme, the company is running a basic training program recognized by the Government of India of Skill Development and Entrepreneurship to provide job training to class 10-12 students. So far, about 100 students have qualified for internships under the National Apprenticeship Certificate Program. They built buildings for public schools and funded water reservoirs and roads in villages.

(This story has not been edited by Devdiscourse staff and is automatically generated from an aggregated feed.)


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