Milan, Italy-based Sacmi Group is setting up a new manufacturing plant in India.
The company has been assembling Negri Bossi injection moulding machines in rented space in Ahmedabad since 2009. But when it opens a new plant at the beginning of 2014, it will graduate from assembly to local manufacturing.
"India is a huge market with around 3,500-4,000 [machines] sold annually. We could grow in this market locally as well as in the neighbouring [South Asia] market and also in the Middle East," said Selvakumar M, regional sales manager for Sacmi Engineering India, in an interview at Plastasia in Bangalore.
The company has already supplied around 100 hydraulic machines, with clamping forces ranging from 550-1,000 tons, in the Indian market, Selvakumar said.
This year the company is starting to sell the Vector Hybrid press line in India, with a Canbus controller.
The company is targeting sales of 70 machines this year, up from 40 annually for the past two years.