MoldTecs has opened its first manufacturing plant in India, located in Bawal, Haryana. The facility will produce technical plastic components for the automotive sector, marking a strategic expansion into the Indian market.
The new plant aims to support the increasing demand from local original equipment manufacturers (OEMs) in India’s automotive industry. In a company-issued press release, MoldTecs highlighted its decision to enter the Indian market, citing the country’s growing automotive sector as a key factor. The company stated that the facility is part of a broader effort to enhance its global production capabilities.
The Bawal plant is expected to bolster MoldTecs’ relationships with local automotive manufacturers while contributing to the company’s international operations. The facility will also support the company’s efforts to meet industry standards in technical component production.