For a Rs. 225 crore investment in India, Shibaura Machine will treble its manufacturing capacity.

Shibaura Machine India Private Limited (SMI) has announced plans to invest Rs.225 crore in India . The company is celebrating its tenth anniversary this year by laying the groundwork for the construction of a new manufacturing facility .

Chennai (Tamil Nadu) (India), November 25: Shibaura Machine India Private Limited (SMI), a subsidiary of Japans Shibaura Machine, the world's leading manufacturer of high-precision injection moulding machines, has announced plans to invest Rs.225 crore in India, mainly to expand its manufacturing capacity in Chennai, India.The machines are commonly used in automotive, electrical, household & furniture, material handling, medical, packaging, preforms, PVC, toys, and other industries.The organization has a growing customer base in India and over 45 countries in North America, the Middle East, East & West Africa, and the SAARC region.In 2012, Shibaura Machine India started operations by taking over Larsen & Toubro's plastics machinery company.

By November, 2023, the new plant is scheduled to begin trial production.SMI is forecast to add more jobs in the next three to four years, increasing the team size.In addition, approximately 50 MSME vendors will be established to cater to the need for increased capacity.Shigetomo Sakamoto, President, Shibaura Machine Group, Japan, said, India has been a strategic investment destination for us and it represents a growing demand for our machines.

Over the years, the Japan and India teams have developed a close working relationship, making SMI's manufacturing processes more efficient, increasing productivity, and bringing to market the latest Japanese technology at the same time.SMI is the first machine outside Japan to be rewarded with the prestigious Shibaura Machines President Award for outstanding performance and technological advancement.The Indian unit has won this coveted award twice in three years.In the years to come, we are optimistic about what our Indian team can achieve in design, production, and customer care.

In the next three years, SMI's managing director M. Kumar said, We are commemorating our 10th anniversary, and we are remembering the incredible dependability of our parent company, Shibaura Machine Co., Ltd. in our expansion.Since its acquisition in 2012, SMI has made improvements to its manufacturing processes and increased its production capacity from 600 to 1200 machines per year, resulting in a triple rise in sales.Year after year, we have continued to make strides, including the achievement of our 10,000th machine in 2019 and our 13,000th machine in Oct 2022.With the new investment, we will continue to grow our capacity and staff.

Shibaura Machine Group was established in 1939 as Shibaura Machine Tool Company with support from Shibaura Engineering Works (now Toshiba Corporation), and changed its name to Toshiba Machine Co. Ltd. in 1961, and the company became completely independent from Toshiba Group in April 2020.It has been a market leader and industry benchmark in the world for high-precision injection molding machines.Shibaura Machine began production in India in 2012 by purchasing a 100% stake in L&T Plastics Machinery Limited, the then market leader in hydraulic injection moulding machines in India.Toshiba Machine Chennai Private Limited was established in 1994 and later changed to Shibaura Machine India Private Limited in 2020.

SMI also received the Presidents Award from Shibaura Machine for its innovative development, becoming the first overseas company to be recognized with this distinction.The organization is implementing a Basic Training Provider program, which is accredited by the Ministry of Skill Development and Entrepreneurship, Government of India, in order to provide on-job training to Class 10-12 students.Under the National Apprenticeship Certificate Scheme, about 100 students have been accepted to pursue internships.It has constructed buildings for government schools and funded overhead water tanks and roads in villages, and.

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