- Electrolube recently confirmed a 40 per cent increase in gross turnover for 2017-2018
- The growth in turnover is set to propel up to a staggering 91 per cent in 2019
Electro-chemicals manufacturer, Electrolube, has announced an excellent success of its Indian manufacturing facility in Bangalore. Electrolube India has been operating locally for seven years and recently confirmed a 40 per cent increase in gross turnover for 2017-2018. According to Electrolube’s parent company, the HK Wentworth Group, this growth in turnover is set to propel up to a staggering 91 per cent in 2019.
The company held its first-ever technology day in Delhi this week. During the event, local manufacturers discovered new ways of improving reliability and performance through electronics protection solutions from Electrolube’s core product groups; conformal coatings, encapsulation resins, and thermal management solutions. Electrolube India’s ultramodern, hi-tech manufacturing facility will also celebrate its 4th anniversary at the end of September.
“We are delighted with the response we have had from Indian manufacturers. Our growth in India has been exponential. We have been fortunate that our international reputation preceded us as a customer-focused company that thrives on solving problems and providing effective solutions across the entire design and production processes. This has certainly served us well, but even more so, our dedication to providing a complete range of solutions that truly meet the needs of local manufacturers is what really differentiates Electrolube,” said Ron Jakeman, managing director of Electrolube.
“Our R&D team has been consistently recognising the requirements of local LED, EV/automotive, mobile, consumer and industrial manufacturers, and we have invested significantly in developing innovative new products that solve these reliability and performance issues, using locally sourced materials at cost-effective prices and supplied in the shortest lead-time possible. The new thermal management solutions and encapsulation resins, developed for the Indian market, have been so popular that they have been adopted into many additional territories around the world,” he added.
He said that the disclosure of our 91% increase in turnover in India this year clearly demonstrates how India’s top OEMs are now favoring Electrolube products for all of their electro-chemical requirements.
“Our collaborative capabilities and bespoke solutions are eagerly being sought after by local manufacturers, particularly as the industry seeks expert guidance to help improve processes, productivity and ultimately the quality and reliability of their end-products,” said Padmanabha Shaktivelu, Electrolube India’s general manager.
Electrolube is represented in over 55 countries with an established network of subsidiaries and distributors. Core product groups include conformal coatings, contact lubricants, thermal management materials, cleaning solutions, encapsulation resins and maintenance, and service aids.