Schindler will be the first global elevator and escalator company to set up a greenfield manufacturing facility for the production of escalators for the Indian market. The facility, located near Pune, is scheduled to go into operation in early 2014.
The multi-million euro plant is to be built on a new 160,000-m2 site in the Chakan Industrial Estate outside Pune. The site, owned by Schindler, will also be home to an R&D center and an elevator factory.
“The new plant will enable Schindler to provide escalators at more competitive conditions for the local market,” said the company’s Chief Executive Officer, Jürgen Tinggren. Mr Tinggren added that India is of strategic importance for Schindler and the new investment reaffirms the company’s long-term commitment to this growing market.
Currently, Schindler supplies the Indian market with escalators from its production facilities in China and Europe.
Schindler has been active in India for over 50 years and today has branches in major cities. The company supplies elevators, escalators and mobility technology for all market segments: residential apartment blocks, business and shopping centers, high-rise towers as well as transport infrastructure such as metro stations and airport terminals.
Schindler India is a wholly-owned subsidiary of Schindler Holding Ltd. The company is a leading global provider of elevators, escalators and related services. Schindler mobility solutions move one billion people every day all over the world. Behind its success are 44,000 employees in over 100 countries.