Italian injection moulding machinery maker Negri Bossi SpA plans to invest $5m (€4m) to expand capacity in India to meet increasing demand both in the country and in regional Asian and African markets.
The Milan-headquartered company said it plans to make a wider range of moulding presses at its plant in Ahmedabad and increase its localization of components.
"An investment of $5 million is planned for the India plant in the next three to five years, to hike capacity from 70 machines to more than 100 presses annually," said Tommaso Giusti, operations manager of Negri Bossi India.
He was interviewed at Plastindia 2018, held from 7-12 Feb, in Gandhinagar.
The Ahmedabad plant, which started in early 2014, is an assembly operation with many critical components shipped from Italy. The company said it has about 50 vendors locally.
"We are also looking at increasing local sourcing for the machines assembled in India," Giusti said.
Negri Bossi India manufactures servo-driven machines starting from 70 tons up to 900 tonnes, with larger machines sourced from Italy. The company also has factories in the Czech Republic and China.