Sweden-based industrial heating and resistance materials firm Kanthal has inaugurated a new wire manufacturing facility at its Hosur plant, expanding its footprint in India.
The new 1,980 sq. mtrs. facility will more than triple production capacity, helping the company cater to growing domestic demand and boost exports to Southeast Asia and select European markets. Kanthal, operating in India since 1988, sees the country as a key manufacturing hub and a fast-growing market. The company is a global provider of industrial heating technology and resistance materials, with fine-dimension wire being one of its key products.
President Robert Stal highlighted the Make in India initiative and increasing local demand as drivers behind the expansion.