Leoni opens new plant near Pune

Leoni opens new plant near PuneLeoni, the leading provider of cables and cable systems to the automotive sector and other industries, persists with its globalisation strategy by expanding its business in India. Today, the company officially opened its new plant near Pune, from where it will deliver customers from different industries with cables and cable systems.India promises attractive medium- and long-term growth prospects for several of our targeted industrial markets,” says Dr. Klaus Probst, President and CEO of Leoni AG. “Opening this new plant near Pune is an essential move to better serve local customers and to drive our globalisation in India and close-by countries.” The establishment of a plant brings advantages such as better logistics conditions, the usage of local cost structures and the avoidance of import duties. Until the end of the year, Leoni plans to make an investment of around EUR 11 million for the facilities and the equipment and to have about 140 employees.The new plant has a production area of around 15,000 square metres and has already started the manufacturing of standard cables for the fast growing automotive industry at the beginning of the year. At a later date, the new plant shall also produce automotive special cables.