The Hindu BusinessLine: March, 2014
Pune: Switzerland-based Baumer Group has set up an engineering, training and assembly operatons at Pune to manufacture electronic pressure sensors. Present in India since 2007, Baumer India also plans to begin sourcing of local components.
Oliver Vietze, CEO and Chairman, Baumer Group, said that the company had invested $25 million in its Indian operations. “In Pune we will ramp up our operations by investing $10 million over next two years and increase the headcount from 30 to over 100 people,” he said.
After electronic pressure sensors, the next phase of expansion would be manufacture of encoders and sensors, he said, adding that the production will also be used for exports at a later stage.
The Indian market for high technology products that Baumer offers is close Rs 400 crore and it has 15 per cent market share, Sunil Hasabnis, Managing Director, Baumer India, said.
Baumer has manufacturing locations across western Europe including two in Switzerland, six in Germany, one each in Denmark, Venezuela and France. In India it has another manufacturing unit at Vapi that specializes in process instrumentation. Around 20 per cent of the products from here are exported.