Gunnebo expands its Halol plant capacity by 50% making it largest safe storage products factory in India

AHMEDABAD: Gunnebo, a global leader in physical security solutions, announced the expansion of its safe storage factory at Halol, Gujarat. With this expansion, the plant at Halol becomes the largest facility for physical security solutions in the safe storage category in India, the company said. The factory was established in 1984 and currently manufactures a wide portfolio of products like high security safes, strongroom doors, vaults, fire cabinets, safe deposit lockers, ATM safes and high security locks.
Stefan Syren, President and CEO, Gunnebo Group, said, "Post this phase of expansion, the Halol facility becomes our largest manufacturing unit globally, and will continue to produce high grade safe storage products under the iconic Steelage and Chubbsafes brands.With an investment of Rs 75 crore in this phase, our production capacity for high grade safe storage products is expected to increase by 50%, which will be achieved through a combination plant expansion, automation and efficiency improvements. This milestone is a testament of our commitment to the Indian market and will help us cater to the growing demand of high-quality security products in this country.”
Strategically situated in Halol, Gujarat, a prominent manufacturing hub well connected with global markets due to its proximity to large ports, supplier base and with other parts of the country through a robust road network, the expanded facility will boost the group’s ability to serve the unique needs of the Indian sub-continent more effectively. Equipped with cutting-edge technology, the plant’s R&D facility is dedicated to developing innovative products for the Indian market and beyond.
Sabyasachi Sengupta, vice president Asia, Gunnebo safe storage, said, " This investment underscores our commitment to ‘Make In India’ and places us in a vantage position to service the growing demand from Indian customers in the next decade.”
Gunnebo Group, based in Gothenburg, Sweden, has a rich heritage spanning over 250 years and is a world leader in physical security solutions that help keep valuables, cash and people safe. In 2000, Gunnebo Group acquired the leading Indian company Steelage.