Belden's Indian Expansion: A $40M Leap Forward To Increase Production Capabilities

Belden Inc. BDC announced the expansion of their Chakan, Pune manufacturing facility in India, increasing its size by 19,000 square meters. 

This significant development involves an investment of around $40 million (INR 330 Crores), highlighting Belden’s dedication to addressing the growing demands in the region.

“With the expansion of our facility, we are emphasizing our dedication to sourcing raw materials locally. This underscores our unwavering commitment to ‘Made in India for the World.’ With the strategic establishment of this facility, we not only strengthen our domestic roots but also envision it as a pivotal export hub,” commented Ashish Chand, President and CEO.

This expansion significantly bolsters Belden’s production capabilities, enabling them better to satisfy the increasing demands for network and data solutions. This investment positions Belden as a significant player in domestic and international markets, with the Chakan plant’s phase II set to become a global hub for network infrastructure solutions.

The expanded facility will manufacture advanced specialized Ethernet switches and firewalls for industrial and building automation. It will also focus on connectivity solutions, patch cords, and connectors for various industrial applications, reinforcing Belden’s global influence.

Price Action: BDC shares are trading lower by 0.502% at $73.36 on the last check Friday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.