- In this phase, the company has made an investment of Rs 75 crore accrued from internal sources
- Cumulatively over the past decade Gunnebo has spent Rs 150 crore towards plant modernization and upgradation
- The company plans to increase the research and expenditure from 2 per cent to 5 percent in this plant
- This investment underscores our commitment to ‘Make In India’ and places us in a vantage position to service the growing demand from Indian customers in the next decade: Sabyasachi Sengupta, Vice President Asia, Gunnebo Safe Storage
GOWRI MANICKAVASAGAM
AHMEDABAD, MAY 1
Gunnebo, a global leader in physical security solutions, announced the expansion of its safe storage factory at Halol in Gujarat. With this expansion, the plant at Halol becomes the largest facility for physical security solutions in the Safe Storage category in India. The factory was established in 1984 and currently manufactures a wide portfolio of products like High Security Safes, Strongroom Doors, Vaults, Fire cabinets, Safe Deposit Lockers, ATM Safes and High Security Locks.
Speaking with navjeevanexpress.com, Stefan Syren, President and CEO, Gunnebo Group, said, “Post this phase of expansion, the Halol facility becomes our largest manufacturing unit globally, and will continue to produce high grade safe storage products under the iconic Steelage and Chubbsafes brands. With an investment of Rs 75 crore in this phase, our production capacity for high-grade safe storage products is expected to increase by 50%, which will be achieved through a combination plant expansion, automation, and efficiency improvements. This milestone is a testament of our commitment to the Indian market and will help us cater to the growing demand of high-quality security products in this country. This investment supports our sustainability agenda as well through the upgradation of technology and processes to reduce the carbon footprint of our products.”
When asked about the source of funding, Stefan Syren, said, “We have met the funding from our internal sources. This plant is spread over 15 acres of land and presently produces 350 high-end products daily. We promote women empowerment by deploying 10 percent to 50 percent of them in shop floors according to their needs. As part of our SDG, we tap renewable source and 20 percent of the power needs of this plant is met from solar power.”
Sabyasachi Sengupta, Vice President -Asia, Gunnebo Safe Storage, said, “The factory is expected to directly and indirectly impact 2,500 families of our employees and extended partner eco-system contributing significantly to the local socio-economic development. Over the past 3 years we have been actively investing in Brand Building and Marketing initiatives with the intent of helping customers choose the right grade of security products tailored to their needs. This investment underscores our commitment to ‘Make In India’ and places us in a vantage position to service the growing demand from Indian customers in the next decade. I would also like to extend my heartfelt thanks to GIDC, and the local administration for their unstinted support and cooperation in making this possible.”
Strategically situated in Halol, Gujarat, a prominent manufacturing hub well connected with global markets due to its proximity to large ports, supplier base and with other parts of the country through a robust road network, the expanded facility will boost the group’s ability to serve the unique needs of the Indian sub-continent more effectively. Equipped with cutting-edge technology, the plant’s R&D facility is dedicated to developing innovative products for the Indian market and beyond. The diverse product portfolio includes medium to very high-grade security solutions like burglary-resistant products, fire-resistant products, and high-security locks certified by BIS and in adherence with International Standards like EN and UL.
Hakan Karlsson, Chairman of the Board, Gunnebo Group, along with Anirban Mukhuti, Regional Manager-Marketing & Product Management, Asia were also present at the event.
