All Press Releases for February 23, 2018

Eigen Moves to New Facility!

Renowned for its exceptional tooling and metal stamping services, Eigen is adding yet another feather to its cap with the expansion of its presence to include a new and improved facility measuring 85,000 sq. near the Bangalore international airport.



Eigen moves to new facility!

    BANGALORE, INDIA, February 23, 2018 /24-7PressRelease/ -- Eigen engineering is known because of a strong track record of providing exceptional precision metal stamping services, and every other task that comes under this umbrella. Now there is the most awaited moment being unfolded. Yes, it is the company's move to their new and improved facility near Bengaluru International Airport spread across an area of 85,000 sq. ft. Eigen's exciting journey of last 20 years has now brought the company to this stage. The journey has been filled with dedicated efforts, goal-oriented approach, well-defined policies, and a hunger to always better what is on hand.

Renowned for its exceptional tooling and metal stamping services, Eigen is adding yet another feather to its cap with the expansion of its presence to include a new and improved facility measuring 85,000 sq. near the Bangalore international airport.

State of the art facilities that does everything
Well, the company has now got well and improved the facility to bring every relevant operation for precision metal stamping under one umbrella. For example, almost 70% of precision metal stamping parts being produced at Eigen need electroplating. So far, Eigen was outsourcing those parts to an approved vendor for electroplating, which was further followed by stringent quality inspection at Eigen. However, now to strengthen On-Time Delivery with improved quality and reduced lead times; Eigen becomes the single source strategic supplier to their customers. The company is all set with in-house electroplating facility. In the first phase it is rack and barrel plating, and in the second phase, it would be a reel to reel electroplating. The company works with a material such as gold, tin, copper, silver, nickel, and the list continues.

Specialized electroplating that makes Eigen unique
With the aim of starting specialized electroplating services for rack and barrel gold plating along with a dedicated line for gold and silver plating, Eigen is foraying into a niche service. This will be one of the rarest facility in India that possesses this capability.

A huge facility with more expansion possibility
Eigen is extremely happy with how their 85,000 sq.ft. the facility will add numerous possibilities to the overall functioning. As Eigen takes long strides in terms of revenues, customer base, this facility is where stamping and plastic molding will take place in single location. Why is this important? Eigen's representative explained how the process works really. When a customer provides drawing or a draft, the end part will be produced in a single facility starting from design, development & manufacturing of custom stamping dies & plastic injection molds followed by producing precision stamped parts & plastic parts and then plating the precision stamped parts. The new facility also allows for end-to-end operations, with better control over quality, reduced wait times, enhanced customer satisfaction and better capabilities.

CNC machining being added to the plant
Adding more to the functionality, Eigen is all set to bring in CNC machining. The new facility consists of dedicated space for CNC machining only to handle special material such as titanium, inconel and so on specially dedicated to the aerospace industry. The addition of CNC machining is with a view to further expand the operations in aerospace.

Eigen a division of KDDL
Eigen belongs to KDDL group which is a stock market listed Company in India. KDDL has experienced immense growth with Eigen and is considered the company's growth engine. Eigen has the complete backing of KDDL's management in terms of investment. The Compounded Annual Growth Rate (CAGR) for revenue, in last 3 years has been close to 30%, and the target is to sustain this momentum.

The management team at Eigen always sets out to achieve goals they have set out for company's growth. Small wonder then that the new facility is one more step towards achieving its target revenue of INR 100 crores - 16.5 Million USD by 2020. The second phase of this expansion is also well under way with the addition of a new building as well as the addition of High Tonnage 150 to 200-ton presses & Vertical Plastic Injection Molding Machines.

Eigen takes this opportunity to thank their customers
Eigen has a long list of customers not just in India but across the globe. The customers have been very supportive of this move right from the beginning. It is a privilege for the company to work so closely with clients ranging from electrical to the aerospace industry. The company agrees that the move had a little impact on the operations which was communicated instantly to the customers. So the company takes this opportunity to thank the customers for their unending support in this regard.

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Ujjwal Bhandari
KDDL LIMITED
Bangalore, Karnataka
India
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