Fuji Electric India (FEI), a 100 percent owned subsidiary of the century-old Fuji Electric Co. in Japan, opened its cutting-edge, green plant in Chennai to support its automation section.
According to Yosuke Ishizaka, Managing Director, FEI, the business invested INR 150 crore to build the 65,000 square foot facility, which will enable it to make over 200,000 printed circuit boards (PCBs) and about 120,000 variable frequency drives (VFDs) each year.
The automation section of FEI has been creating solutions for industrial control products, instrumentation, electrical distribution, manufacturing and process automation, and HMI. It meets the needs of several manufacturing sectors, including the car industry, for process automation. With the new facility in place, the business will consider serving the requirements of a number of new markets, such as data centers, cranes, metro trains, HVAC, and heavy industries.
By FY25, the present capacity growth will increase FEI’s turnover from the INR 790 crore recorded in FY22 to approximately INR 1,500 crore. The business aims to have INR 1,050 crore in sales at the conclusion of the current fiscal year.
The fully automated manufacturing facility will produce VFDs in the range of 0.4 kW to 75 kW as of now. Plans are on to scale it up to 710 kW.
The CEO of FEI, Shivaji Waghmare, addressed the need for capacity expansion and stated, “The first is to engage in the most cutting-edge manufacturing technology in close coordination with our parent business in Japan to provide high-quality products. The second is to boost capability in advance of market demands in order to satisfy our clients’ rising demands.
The capacity increase will also assist the business in increasing its market position in the INR 10,000 crore market from 10% to about 15%. (equally divided between its UPS and automation-related businesses).
