Fuji Electric India inaugurated its new environment-friendly factory in Chennai.
What’s it about? The industrial automation and energy-efficient solutions major inaugurated its environment-friendly factory in the city. The company in India is a leading supplier of drives and automation products for domestic and foreign markets.
- Some of the factory’s equipment was imported from Japan to match the manufacturing process. The ₹150 crore factory is projected to produce 3,500 drives a month in a single shift.
- The factory can currently make products that range from 0.4 kw to 75 kw. There are plans to scale this up to 750 kw and become a ₹1,500 crore entity by next year.
Reasons for expansion: CEO Shivaji Waghmare said the company’s first priority is to invest in the latest manufacturing technology in close partnership with the parent company in Japan. He said the company needs to increase capacity to meet market requirements and consumer demands.