Plansee opens new production line

Plansee High Performance Materials (HPM) has opened a new production line in Mysore today. Here components and spare parts are produced for semiconductor manufacturing.

"This investment underlines the long term commitment of Plansee HPM in India," says managing director Dr. Wolfgang Köck at the opening. In the summer of 2015 Plansee HPM had already opened a new production facility in Mysore for the manufacture of wires and wire products made from tungsten and molybdenum. The largest customer groups of Plansee HPM in India include the automotive and lighting industry, and more recently the semiconductor industry.

 

Plansee Group with 700 employees in India
The Plansee Group has invested heavily in recent years in India and acquired several companies. The Group actually employs more than 700 employees in India. All divisions of the group are active in India, both for the local market as well as for the export. "As an emerging economic region, India is ready for our products and tools," said Dr. Wolfgang Köck. According to the Plansee manager, the reasons for the increasing involvement of the Group in India include relatively low production costs, an increasingly high technological level and the market potential with its positive growth prospects.

 

About the Plansee Group
With Plansee High Performance Materials, Global Tungsten & Powders (both 100 percent) as well as Ceratizit (50 percent) and the investment in Molymet (20 percent), the Plansee Group, headquartered in Reutte, Austria, belongs to one of the worldwide leading powder metallurgical industrial groups that covers the whole supply chain of the high-tech materials, Molybdenum and Tungsten – from the ore concentrate processing to the production of customer-specific components.
In the 2014/15 fiscal year, the Plansee Group realized consolidated sales of 1,26 billion euros with 6,253 employees.
The fiscal year ends on the last day of February.