Klüber Lubrication, a specialty lubricants player, has announced an investment of Rs 142 crore in its manufacturing plant in Mysore, set to be fully operational by early 2027, the press release noted.
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.
"By integrating a new production hall and world class infrastructure, we aim is to offer state-of-the-art speciality products which will be locally manufactured.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 at Klüber Lubrication said.
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."