igus GmbH,the family run Company based in Cologne,Germany,represented in 31 countries & employs 4600 people across the globe,is a world leader in motion plastics.In 2022,igus generated a turnover of 1.15 billion Euros. The company announced its plans to set up a new facility in Bengaluru to further strengthen & grow its successful operations in the country for over two decades, as igus India, a wholly owned subsidiary of the German Company igus GmbH.
The Company announced its plans to invest Rs.100 crores to enlarge the availability of items & establish value adding processes at its new plant spread over 84,000 Sq.ft with world class equipment and infrastructure in motion plastic production. igus has already invested around Rs.15 crores in the first phase of construction of the facility,which is expected to be operational in the coming months.
Mr.Stephen Moreno Simpson,International Group Development,Igus Gmbh,said,"Igus has been concerned about the environmental impact of plastic and is committed to the concept of recycling to ensure sustainability.Keeping this in mind,we have initiated "Chainge,"a recycling program."
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