Sigma Freudenberg NOK (SFN), an Indo-German- Japanese joint venture company has unveiled its second production facility in Basma, Punjab for manufacturing of critical oil seals and sealing products for Domestic and Global automotive industry. The plant has been set up with a total investment of Rs185 crore.
"The ultra modern unit set up in 40 acres of land with 2,50,000 sq.ft covered area in Basma is the second unit of SFN to come up in India. An earlier oil seal producing unit of the SFN JV has been successfully functioning in Mohali since year 2001. The second unit has been set up to meet the ever growing demand of oil seals in various sectors including automotive, agriculture, construction, mining, power and steel industry," said Mr J D Singh, Chairman, Sigma group.
"German partner - Freudenberg and Japanese partner NOK, cooperate globally in the oil seal business and the alliance commands 70% of the global market. In India SFN commands a dominant position in the domestic market. The various types of oil seals which are a major critical component of any automotive or engineering industry that seals lubricants and prevents the leakage of lubricants, water, or chemicals, additionally prevents the ingress of dust and dirt into any equipment, thereby substantially increasing its useful life," said Mr Kabir Singh, Managing Director, Sigma Feudenber NOK.
"The SFN Basma unit will produce oil seals including radial shaft seals for engine, shock absorber seals, valve and steering seals and rubber boots and O-rings for various Indian and global automotive companies including Maruti Suzuki, Honda Siel, Tata motors, Toyota, Ford, Ashok Leyland, Lucas TVS, Toyota, Eicher, Escorts Hyundai, Volkswagon, and Mercedes," said Mr Singh. The SFN Basma unit will generate employment for more than 2000 skilled and semi skilled workers with about 50 per cent being women.