The ENGEL Group, Europe's leading supplier of injection moulding technology, has entered into a strategic partnership with Electronica Plastic Machines (EPM), a renowned Indian manufacturer of hydraulic injection moulding machines. By acquiring a stake in EPM, the company becomes part of the ENGEL Group, creating opportunities for closer collaboration in the Indian market.

EPM, a second-generation family business based in Pune, has been recognised for its expertise in the Indian plastics machinery industry for over 30 years. ENGEL and EPM share a common mindset that emphasises family ownership, sustainable business practices, and a people-first approach. This alignment provides a strong foundation for the partnership.

The collaboration focuses on strengthening local production and innovation, particularly through the "Make in India" initiative. EPM's manufacturing facility in Pune will serve as a hub for the production of advanced injection moulding machines tailored to the specific needs of the Indian market. Additionally, the partnership opens up opportunities to export Indian-manufactured machines to regions such as the Middle East and Africa.

The collaboration promises ENGEL customers better access to advanced technology, locally manufactured machines designed to meet market-specific requirements, and improved after-sales service and support. By combining ENGEL's global expertise with EPM's strong local presence, customers will benefit from reduced lead times, competitive pricing, and an expanded product portfolio.

Aditya Ratnaparkhi, Managing Director of EPM, will continue to lead the company, ensuring continuity and stability. The ENGEL Group will provide access to its global network and technical expertise while maintaining EPM's independence and strong reputation in the market.

With India's focus on the "Make in India" initiative and an increasing push for sustainable practices, the injection moulding sector is expected to innovate and expand its domestic production capabilities. The Indian injection moulding industry is forecast to grow at a compound annual growth rate (CAGR) of around 6 per cent from 2024 to 2030, and partnerships like these are expected to significantly enhance access to cutting-edge technologies and solutions.

"Our goal is to support EPM's growth while preserving its strong identity," said Dr Stefan Engleder, CEO of the ENGEL Group. "We are united by shared values and a commitment to sustainable and long-term success."

Aditya Ratnaparkhi echoed these sentiments: "Our partnership with ENGEL represents a transformative milestone for Electronica Plastic Machines. By integrating our expertise with ENGEL's state-of-the-art technology, we are positioned to deliver superior injection moulding solutions that cater to the dynamic needs of our customers. This collaboration enables us to set new benchmarks in industry standards and deliver machines that excel in precision, efficiency, and reliability."