Ahmedabad, 6 August, 2014

Gunnebo, a subsidiary of the Swedish-based Gunnebo Security Group, today announced plans to fortify its India presence by enhancing and expanding capacity at its manufacturing facility in Halol, Gujarat. Earlier this year, Gunnebo had increased investments in its Halol plant by Rs. 30 crores (over Euros 3 million). The new investments will be utilized towards enhancing existing production capacity of traditional physical security products as well as will also be extended to the special ATM-line to meet global standards.

Gunnebo’s Halol manufacturing facility is one of the largest among top three manufacturing facilities worldwide. The Halol facility, ISO 9001& 14001 certified, has manufacturing processes which are in line with international standards. In 2012, Gunnebo strengthened its manufacturing capabilities by consolidating the entire manufacturing line from Chennai to Halol with the unit delivering an annual conglomerated growth rate of more than 30 per cent (number of products produced per day) since 2010. Gunnebo India has nearly doubled its employee strength in last four years and aims to boost employment opportunities to leverage India’s unmatched engineering talent.

Buoyed by the fresh investments and augmented capacity, Halol facility also houses Group’s global R&D center.Gunnebo aims to establish India as a global R&D hub, catering to group’s Indian and worldwide demand. Keeping innovation and ‘globalization at the cornerstone, the centralized R&D center will innovate existing products, develop new locally relevant products demanded by emerging markets. The Halol plant has been responsible for some interesting innovations including a first of its kind Biometrics safes, 2n1 safes, modular lockers, high-end lumina lockers, fire extinguishers under Minimax brand,etc

Addressing the press Mr. Sandeep Deshpande, Country Manager &Managing Director, said “Today Indian security industry offers a vast potential owing to growing urbanization and rising demand for safety and security solutions. Realizing the vast opportunity of the Indian market, Gunnebo has undertaken two rounds of investments over the last five years, making India the third largest market for Gunnebo. In the next three years, it is our endeavour to strengthen our manufacturing capacity by another 30% CAGR, demonstrating Gunnebo’s continued commitment to the Indian market.”

He also added that,”Gunnebo’s new strategy aims to reinforce its leadership position and presence in India as well as create an export market. Our Halol team is focused on delivering better quality, faster lead times and cost reductions through systematic approach for continuous improvements”.