IndoSpace Chakan Delivers 64,000 Square Feet Manufacturing Facility to ATS Automation
June 5, 2014 - Mumbai, Maharashtra, India
IndoSpace has leased a 64,000 square feet light manufacturing facility in IndoSpace Industrial Park Chakan I to ATS Automation - a leading provider of assembly systems and feeder technology.From product assembly and testing to specialized processing machinery, ATS offers an extensive range of manufacturing technology and expertise to deliver turnkey manufacturing solutions. This state-of-the-art facility will be used to manufacture assembly systems for Automotive (Transportation), Life sciences and consumer industry.
Speaking about the new manufacturing plant in Pune, Rajendra Phatak, Managing Director, ATS said, “Large international manufacturers use Pune as a springboard for international markets like Europe and North America, and wherever they go, their suppliers follow. India promises attractive medium and long-term growth prospects for several of our targeted industrial markets.”
He added further, “The commissioning of this new facility in Pune is intended to help ATS leverage the growth potential of the Indian market.”
Brian Oravec, Managing Partner of IndoSpace Development Management said, “We are delighted to partner with ATS as the company continues to expand in India. IndoSpace provides global customers like ATS with state-of-the-art and efficient facilities and world class infrastructure that are at par with global standards.”
Located on the northern side of Pune, Chakan is a major industrial center in western India, and is home to a large number of Indian and multinational manufacturing facilities. IndoSpace Industrial Park Chakan I is a 1.7 million square feet industrial park spread across 100 acres. The integrated industrial park consists of modern warehouses and light manufacturing facilities which are designed to meet the logistics and supply chain needs of large companies.
IndoSpace is the largest developer of industrial and logistics real estate in India. Currently, IndoSpace has 12 projects under development across 5 cities in India, with a total target built-up area of 15 million square feet, covering a total area of over 700 acres.
IndoSpace parks are developed by IndoSpace Development Management Limited - a JV between the Everstone Group and Realterm Global. The Everstone Group is a premier India and South East Asia focused private equity and real estate investor with over $2 billion in assets operating across 5 offices in Singapore, Mumbai, Gurgaon, Bengaluru and Mauritius. Realterm Global is an industrial real estate firm that manages approximately $2.5 billion across over 300 operating and development properties (~33 million square feet) in North America, Europe and India.
Canadian-based ATS Automation Tooling Systems Inc. is a leading global provider of custom-built, automated production, assembly and test systems. ATS Automation provides innovative, custom designed, built and installed manufacturing solutions to many of the world's most successful companies. Founded in 1978, ATS uses its industry-leading knowledge and global capabilities to serve the sophisticated automation systems' needs of multinational customers in industries such as life sciences, computer/electronics, energy, transportation and consumer products.
ATS employs approximately 2,600 people at 23 manufacturing facilities in Canada, the United States, Europe, Southeast Asia and China and boasts a high-quality, end-to-end portfolio comprising everything from planning and design to implementation, assembly, commissioning and services.
Source: Business Wire India