Klüber Lubrication Announces Investment of ₹142 Crore to Expand its Plant in India
#Investments #KlüberLubrication #lubricants“By integrating a new production hall and world class infrastructure, we aim to offer state-of-the-art speciality products which will be locally manufactured. Ultimately, this initiative is in sync with the self-reliance India mission (Atmanirbhar Bharat Abhiyan) launched by the Government of India. This investment helps us to be closer and faster to our customers not just in India, but in the entire APAC region.” - Hitendra Bhargava, CEO and Regional Management Board Member Asia Pacific, Klüber Lubrication
May 2024 : Klüber Lubrication, a global expert in specialty lubricants, has announced a significant expansion of its operations facility in Mysore, set to be fully operational at the latest by the beginning of 2027. Klüber India’s manufacturing plant in Mysore is spread over 17000 sq. m at present and produces world-class specialty lubricants. The company recently announced an investment of ₹142 Crore that will further bolster its operations in the country and reiterate its commitment to ‘Make in India’ by increasing domestic production.
The plant will feature a cutting-edge production facility equipped with state-of-the-art technology tailored to Klüber Lubrication’s specialized needs. As a part of the investments, Klüber will attain new certifications such as IATF (for automotive customers) and ISO 21469 (for food grade lubricants), while boosting the R&D infrastructure and increasing the speed to market for new products. Klüber Lubrication is poised to leverage these enhancements to amplify its operations, introduce high-value product lines, and facilitate the seamless relocation of global products to better serve its clientele.
Recently, a groundbreaking ceremony was held to kick off the project at Mysore which was graced by the esteemed Freudenberg Chemical Specialities board members - Dr. Joerg Matthias Grossmann, Filip Krulis, Dr. Sebastian Weiss, Klüber Board members - Dr. Wolfgang Sammer, Markus Murmann, the Klüber India leadership team – Hitendra Bhargava, Vishal Almal and Kanakaraju Thangavel, and Head of Global Product Innovation & Regional Board Member APAC, Dr. Stefan Seemeyer
Hitendra Bhargava, CEO and Regional Management Board Member Asia Pacific at Klüber Lubrication, emphasized the transformative impact of this expansion, stating, “By integrating a new production hall and world class infrastructure, our aim is to offer state-of-the-art speciality products which will be locally manufactured. Ultimately, this initiative is in sync with the self-reliance India mission (Atmanirbhar Bharat Abhiyan) launched by the Government of India. This investment helps us to be closer and faster to our customers not just in India, but in the entire APAC region.”
Kanakaraju Thangavel, CTO of Klüber Lubrication India added on the regional impact of this expansion, “This a big benefit to our customers in south-east Asia, especially considering the supply chain challenges the world has seen in the last few years owing to geo-political disruptions. This investment reflects our confidence in the region and our dedication to exceeding customer expectations. We are ready to elevate operations, innovate, and contribute meaningfully to the region’s development.”
Klüber Lubrication’s expansion in Mysore also underscores the organization’s focus on sustainability – with the aid of solar panels installed on the roof, the plant derives more than half of its energy from renewable sources. Klüber Lubrication in 2024, has won the prestigious EcoVadis gold medal for sustainability for the third time in a row which puts it in the best five percent companies among more than 130,000 companies rated worldwide.
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