Leoni opens new plant in Chakan, Pune

PUNE: Leoni, the Nuremberg, Germany headquartered maker of cables and cable systems inaugurated its new plant in Chakannear Pune. Dr. Klaus Probst, President and CEO of Leoni AG said that the company intends to invest Euro 11 million by the end of the year towards the plant which will have an employee count of about 140.

"India promises attractive medium- and long-term growth prospects for several of our targeted industrial markets. Opening this new plant at Chakan is an essential move to better serve local customers and to drive our globalisation in India and close-by countries," he said. Setting up a local unit will mean an improvement in logistics as well as gains from local cost structures and elimination of import duties for the company.

The new planthas already started the manufacturing of standard cables for the automotive industry. The company set up an engineering office and a manufacturing facility for automotive wiring systems in Pune in 2010. Leoni plans to export a major portion of such products to other countries. The new plant in Pune is Leoni's second production site in India.