OBO Bettermann to set up manufacturing facility in Chennai

Germany-based OBO Bettermann is planning to set up a manufacturing facility through its new subsidiary company OBO Bettermann India Private Limited in Chennai. The initial investment would be around Rs 15 crore. The company is into conducting electricity, routing data and controlling energy segments.

S Gopakumar, managing director, OBO Bettermann India, told reporters the company would commence production from its temporary facility in Velacherry early next month and soon move to the new facility around Sriperumandur.

To start with, the company will focus on lighting production, and under floor trucking. It is targeting a turnover of Rs 30 crore in the first year.