Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Belden expands India facility with $40M investment

EditorEmilio Ghigini
Published 01/12/2024, 07:41 AM
© Reuters.

PUNE, India - Belden Inc . (NYSE: NYSE:BDC), a global provider of network infrastructure and digitization solutions, has initiated the expansion of its manufacturing plant in Chakan, Pune. This development extends the facility by 19,000 square meters and includes a $40 million investment, aimed at bolstering the company’s production capacity to meet the growing demand in the region.

The expansion is a strategic move to address the increasing needs of industrial, broadcast, and enterprise markets in India. Dr. Ashish Chand, President and CEO of Belden, emphasized the company's strategy to source raw materials locally and to position the facility as a key export hub. The Chakan plant’s second phase is expected to significantly enhance Belden's manufacturing capabilities, allowing the company to better serve both domestic and international markets.

The enhanced facility will produce advanced Ethernet switches and firewalls, connectivity solutions, and various industrial application assemblies, reinforcing Belden’s global presence.

Brian Lieser, EVP of Industrial Automation Solutions at Belden, commented on the expansion, highlighting the company’s dedication to evolving market needs and its contribution to the growth of the automation and smart infrastructure industries.

This initiative is part of Belden's ongoing efforts to deliver infrastructure for a digital journey that is simpler, smarter, and secure. The company, with a history of over 120 years, is headquartered in St. Louis and maintains manufacturing capabilities across North America, Europe, Asia, and Africa.

The information in this article is based on a press release statement from Belden Inc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.