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

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

Driving Local Production and Innovation

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 molding machines tailored to the specific needs of the Indian market. In addition, the partnership opens up opportunities to export Indian-manufactured machines to regions such as the Middle East and Africa.

Customer Benefits: Advanced Technology and Localized Service

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.

Continuity and Growth

Aditya Ratnaparkhi, Managing Director, EPM, will continue to lead the company as Managing Director, 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 Make in India and an increasing push for sustainable practices, the injection molding sector is expected to innovate and expand its domestic production capabilities. The injection molding industry in India is expected to grow at a compound annual growth rate (CAGR) of around 6 percent from 2024 to 2030, and partnerships like these are expected to significantly improve 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, ENGEL Group. “We are united by shared values and a commitment to sustainable and long-term success.”  

Ratnaparkhi echoed these sentiments: “Our partnership with ENGEL represents a significant milestone for Electronica Plastic Machines. Our partnership with ENGEL marks 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 molding solutions that cater to the dynamic needs of our customers. This collaboration not only enables us to set new benchmarks in industry standards but also ensures the delivery of machines that excel in precision, efficiency, and reliability. This collaboration also empowers us to elevate industry standards and provide machines that offer unmatched precision, efficiency, and reliability.”

 This cooperation represents a significant step in ENGEL’s strategy to strengthen its regional presence and develop tailored solutions for local markets. With a shared vision and complementary strengths, ENGEL and EPM are well-positioned for sustainable growth and innovation.

For more information: www.engelglobal.com