Cattini e Figlio Spa, an Italian firm, is set to establish a manufacturing unit of various machinery products such as gears, shafts, and synchronizers in Pune’s Sanaswadi area with a total investment of 2.5 million euros. The new entity will be called Cattini India.
While addressing the media at the inaugural ceremony, director of Cattini India Thomas Mathew said the company will be spread over five acres and provide good economic stability at the local and national levels. “In the initial phase, we are assuming the company will make a turnover of Rs. 45 crores. In phase 2, the target will be Rs. 250 crores in three years. Either within five or seven years, we aim to reach around Rs. 650 to 700 crores,” said Mathew. He also mentioned that initially, there will be 60 employees with the company as equipment will be imported from Italy, but the number will increase in the future.
Cattini e Figlio Spa, an Italian firm, is set to establish a manufacturing unit of various machinery products such as gears, shafts, and synchronizers in Pune’s Sanaswadi area with a total investment of 2.5 million euros. The new entity will be called Cattini India. The announcement was made recently by the company’s top management in collaboration with ALCOR Cross Border M&A Pvt. Ltd. ALCOR Worked closely with the management of Cattini India for planning, structuring & executing the transaction for Cattini India and opened a manufacturing facility at Sanaswadi, Pune.
Chairperson of Cattini e Figlio Spa Lorenzo Amedeo said “Cattini was established in 1950 to produce small gears for motorcycles and hay elevators, and after four years, it became a corporation. Cattini India is a subsidiary of Cattini e Figlio and a market leader in Europe’s commercial vehicles segment for various types of gears, shafts, and synchronizers”.
This investment marks Cattini’s foray into the Indian market and is a significant step in the company’s growth strategy to expand its presence in the Asia-Pacific region. The facility will bring in advanced technology, investments, and expertise, which will not only generate employment opportunities but also create a manufacturing hub in Pune. commented Cattini India Director Mr. Thomas Mathew.
“We are excited to partner with Cattini India in this strategic investment that marks their entry into the Indian market. The new facility in Pune will not only bring in advanced technology and expertise but also generate employment opportunities and contribute to the development of the local economy. ALCOR is committed to providing ongoing support to Cattini India and driving their success in India.” said Lorenzo. “We are proud of our associates who worked tirelessly to replicate and adapt our advanced gear manufacturing template for India. Thanks to their work, our newest facility doesn’t just set standards for our global manufacturing footprint, but for our industry. The company plans to expand Its operations in subsequent phases of the project.” He added.