Osram to pump in 20 mln euro in 2nd mfg plant; to double capacity

Sonepat, Haryana, Oct 7 (UNI) Germany-based Osram, world's leading lighting manufacturer, said it will invest 20 million euros in its second plant at Kundli in Haryana which will commence operations by 2008-end, and will double its production capacity by 2010.

''Within the next three years we will double our production capacity in India and will add 40,000 sq m of space to the existing factory in Sonepat. We see immense potential for energy efficient lighting solutions in India,'' company's global president and CEO Martin Goetzeler told reporters.

The new facility will focus on manufacturing energy saving solutions, including the T5 flourescent lamps and high quality compact flourescent lamps.

The expansion of our manufacturing capacity will enable us shape the future of energy saving lighting solutions in the country, Osram India Pvt Ltd Managing Director Gagan Mehra said.

The 4.6 billion euro company believes that by 2009-end the new facility will have over 500 employees. It has currently 700 employees in the country.

It company also planning a sase,blyu for automotive halogen headlamps.

''Osram's key initiaves over the next few years is to bolster the market position in the Asia Pacific, focusing India,'' Mr Goetzeler said.

Osram, a wholly-owned subsidiary of Siemens, is a company in the lighting sector. The company presently employs 40,000 people across the globe and supplies to customers in 150 nations and has 49 production facilities in 18 countries.

UNI