ENGEL and EPM unite to sustain the injection moulding sector in India

By Staff Report December 4, 2024 2:46 pm

ENGEL Group has partnered with Electronica Plastic Machines (EPM) to strengthen its presence in the Indian market. The partnership aims to improve local production and innovation, particularly through the “Make in India” initiative.

The ENGEL Group, Europe’s leading supplier of injection moulding technology, has entered into a strategic partnership with Electronica Plastic Machines (EPM), a renowned Indian manufacturer of hydraulic injection moulding machines. By acquiring a stake in EPM, the company becomes part of the ENGEL Group, creating opportunities for closer cooperation in the Indian market.

EPM, a Pune-based second-generation family business, has been recognised for its expertise in the Indian plastics machinery industry for over 30 years. ENGEL and EPM share a common mindset, emphasising family ownership, sustainable practices, and a people-first approach.

Driving local production and innovation

The collaboration focuses on improving local production and innovation, especially through the “Make in India” initiative. EPM’s manufacturing facility in Pune will serve as a hub for the production of advanced injection moulding machines tailored to the specific needs of the Indian market. In addition, the partnership opens up opportunities to export Indian-manufactured machines to regions such as the Middle East and Africa.

The collaboration promises ENGEL customers better access to advanced technology, locally manufactured machines designed to meet market-specific requirements, and improved after-sales service and support. ENGEL’s global expertise and EPM’s local presence will enhance customer experience with reduced lead times, competitive pricing, and an expanded product portfolio.

Continuity and growth

Aditya Ratnaparkhi, Managing Director of EPM, will continue to lead the company as Managing Director, ensuring continuity and stability. The ENGEL Group will provide access to its global network and technical expertise, while maintaining EPM’s independence and strong reputation in the market.

With India’s focus on Make in India and an increasing push for sustainable practices, the injection moulding sector is expected to innovate and expand its domestic production capabilities. The injection moulding industry in India is expected to grow at a compound annual growth rate (CAGR) of around 6% from 2024 to 2030, and partnerships like these are expected to significantly improve access to cutting-edge technologies and solutions.

“Our goal is to support EPM’s growth while preserving its strong identity,” said Dr. Stefan Engleder, CEO of the ENGEL Group. “We are united by shared values and a commitment to sustainable and long-term success.”

Aditya Ratnaparkhi said, “Our partnership with ENGEL represents a significant milestone for Electronica Plastic Machines. Our partnership with ENGEL marks a transformative milestone for Electronica Plastic Machines. By integrating our expertise with ENGEL’s state-of-the-art technology, we are positioned to deliver superior injection moulding solutions that cater to the dynamic needs of our customers. This collaboration not only enables us to set new benchmarks in industry standards but also ensures the delivery of machines that excel in precision, efficiency, and reliability. This collaboration also empowers us to elevate industry standards and provide machines that offer unmatched precision, efficiency, and reliability.”

This cooperation represents a step in ENGEL’s strategy to strengthen its regional presence and develop tailored solutions for local markets. With a shared vision and complementary strengths, ENGEL and EPM are well-positioned for sustainable growth and innovation.

ENGEL AUSTRIA GmbH

ENGEL, a global leader in injection moulding machines, offers a range of technology modules for plastics processing as a single-source supplier. They offer injection moulding machines for thermoplastics and elastomers, automation, and individual components. With nine production plants in Europe, North America, and Asia, and subsidiaries and representatives in over 85 countries, ENGEL provides global support for customers to compete and succeed with new technologies and production systems.

Electronica Plastic Machines (EPM) is a well-established Indian manufacturer of hydraulic injection moulding machines, serving the plastics machinery industry for over three decades. Headquartered in Pune, India, EPM is a family-owned business in its second generation, known for its robust, reliable solutions tailored to the needs of the local market. With a strong focus on quality and innovation, EPM has earned a reputation as a trusted partner in the Indian plastics industry, supporting customers with cutting-edge technology and exceptional service.