ADVIK Hi-Tech, the leading global automotive component manufacturer recently signalled the expansion of its global production network with the groundbreaking ceremony for its 9th plant and its 3rd in Pune. With this addition, the Advik Group now comprises of 9 production facilities spread across India, Indonesia, and Vietnam.
The ceremony was held at the site of its new plant, adjacent to one of the company’s existing manufacturing facilities.
“Our new plant is an important part of our long-term growth strategy of building ahead-of-the-curve technologies & facilities. With stricter emission and safety norms, increased vehicle electrification and hybridization becoming the new growth drivers, our new state-of-the-art plant will help us serve our customer better and stay ahead in the evolution of technology curve.,” said, Aditya Bhartia, Managing Director, ADVIK Group of Companies.
The company will be investing Rs.85 crore to build the new facility which will comprise manufacturing, assembling and testing facilities, creating more than 300 new jobs.
The new plant spanning an initial 10,000 sq.m is expected to be operational by August 2019, bringing the total production floor space in Pune to 20,000 sq.m.
The state of the art plant is designed with standardized lean processes combining energy efficient design, responsible water management, and user comfort to reduce the impact on the environment.