Igus, a global pioneer in motion plastics, has taken up a new four-acre property close to Budigere and announced the establishment of a new factory in Bengaluru. The business intends to spend Rs 100 crore on the project and boost operations by using value-adding procedures at its new plant.
The most cutting-edge machinery and facilities for the production of motion plastic will be housed in the new facility, which will have an area of 84,000 square feet.The facility's initial phase of construction, which the business has already invested Rs 15 crore in, is anticipated to be completed in the upcoming months.
The German corporation Igus GmbH's wholly-owned subsidiary has aspirations to expand and enhance its lucrative operations there.According to its motto, "Tech up, cost down," Igus has a strong emphasis on environmentally friendly and economical solutions, which has led to tremendous growth. The company launched 190 new goods in 2023 for the Indian market as well as a number of digital services and solutions as part of its global programme, "Enjoyneering." Innovation is woven throughout Igus India's growth goals.
The iguverse platform, which gives sales and engineering access to virtual reality, enables the company to save time, money and resources on product creation, optimisation and maintenance. The company claims to have developed 190 new ideas. Additionally, its "Chainge" recycling programme enables users to bring their used energy chains to Igus for ethical recycling. The igus-bike is the first sturdy, completely designed bicycle ever created utilising recycled plastic from the company's inventory.