Pune, India – December 5, 2024: 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 second-generation family business based in Pune, has been recognized for its expertise in the Indian plastics machinery industry for over 30 years. ENGEL and EPM share a common mindset that emphasises family ownership, sustainable business practices and a people-first approach. This alignment provides a strong foundation for the partnership.
Driving local production and innovation
The collaboration focuses on strengthening local production and innovation, particularly 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.
Customer benefits: advanced technology and localised service
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. By combining ENGEL’s global expertise with EPM’s strong local presence, customers will benefit from 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 echoed these sentiments: “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 significant 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 is one of the global leaders in the manufacture of injection moulding machines. Today, the ENGEL Group offers a full range of technology modules for plastics processing as a single source supplier: injection moulding machines for thermoplastics and elastomers together with automation, with individual components also being competitive and successful in the market. With nine production plants in Europe, North America and Asia (China and Korea) and subsidiaries and representatives in more than 85 countries, ENGEL offers its customers the excellent global support they need to compete and succeed with new technologies and leading-edge production systems.
Electronica Plastic Machines (EPM)
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.
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