27th November 2017: IMI Precision Engineering reached a milestone in its global manufacturing strategy. In Noida, near New Delhi, the company hosted a ground-breaking ceremony to celebrate its INR 200m investment* into a state-of-the art facility. The site is designed to increase the company’s production capacity to meet the growing demand for its products in the Indian market.
IMI Precision Engineering is a world-class manufacturer of actuators, air preparation, valves and associated fittings for the Industrial Automation, Commercial Vehicle, Rail, Life Science, Energy, and Food & Beverage sectors. Over two years, the company will increase product lines by over 200, and over five years it will increase the number of technical, commercial and engineering positions to approximately 150 people.
Three times larger than the company’s existing Noida facility, the new building will cover 67,000sq.ft and will include production, distribution and a technical centre.
Kuldeep Bhan, Managing Director of India said: “This is a landmark event for IMI Precision Engineering in India. It signals our commitment to the Indian market, and is part of our strategy to grow our business in areas that offer significant opportunities. With a global commitment to Lean manufacturing, this greenfield facility will be configured to offer best-in-class operational performance.”
Andrew Taylor, Regional Managing Director for Asia Pacific. “The new facility in Noida will be our second major facility in the Asia Pacific region and will accelerate our plan to localise production, whilst bringing the quality and reputation of IMI Precision Engineering and its brands. This follows a similar project in Shanghai, where we successfully localised production from facilities in Europe and the Americas.”
About IMI Precision Engineering
A world leader in pneumatic motion and fluid control technologies, IMI Precision Engineering works closely with customers to gain a deeper understanding of their engineering needs, and then connects its people, products and expertise to give their equipment and their business a clear advantage. IMI Precision Engineering’s reputation rests on a world-class portfolio of high performance products and brands including IMI Norgren, IMI Buschjost, IMI FAS, IMI Herion and IMI Maxseal; the innovation and technical expertise of its 5000-plus people, and an ability to deliver exceptional local service. A subsidiary of the £1.6 billion turnover engineering group IMI plc, IMI Precision Engineering has a sales and service network in 75 countries, technical centres in the USA, Germany, UK and China, and manufacturing facilities around the world.
About IMI plc
IMI plc, the specialist engineering company, designs, manufactures and services highly engineered products that control the precise movement of fluids. Its innovative technologies, built around valves and actuators, enable vital processes to operate safely, cleanly, efficiently and cost effectively. The Group works with industrial customers across a range of high growth sectors, including energy, transportation and infrastructure, all of which are benefiting from the impact of long-term global trends including climate change, urbanisation, resource scarcity and an ageing population. IMI employs some 11,000 people, has manufacturing facilities in more than 20 countries and operates a global service network. The Company is listed on the London Stock Exchange.