IndoSpace leases out 50,000 sq ft warehouse space to Denmark's Lind Jensen Machinery in TN
The high-quality hydraulic cylinder manufacturer has tied up with IndoSpace to set up its first factory in India
IndoSpace, India's largest developer and owner of Grade A industrial real estate and logistics parks expands its tenant portfolio by onboarding Lind Jensen Machinery (LJM). The high-quality hydraulic cylinder manufacturer will set up its first factory in India at Oragadam II in Chennai where it will produce hydraulic pitch, lock cylinders, and accumulators for the wind turbine industry. The project has received an investment of €2 million so far.
The facility, which occupies 50,000 sq. ft space, is anticipated to begin trial production by the end of July 2022. This is LJM's second facility in Asia, with the first one being operational in China. Through this endeavor, LJM intends to develop high-quality goods with long operational lives for both local and international markets. In its initial phase, LJM will be employing 40–50 workers at the Oragadam unit.
Rajesh Jaggi, Vice Chairman - Real Estate, Everstone Group said "We are delighted to be able to provide a great industrial ecosystem facility in Oragadam II for LJM to manufacture top-of-the-line parts for the wind energy sector. This will surely go a long way in meeting India's growing need for sustainable energy, and we look forward to a lasting relationship with them."
Martin Anderson, CEO of Lind Jensen Machinery said "We want to thank IndoSpace for providing us with world-class facilities to establish our production unit. We see a great opportunity to set up the unit here given the long-term potential, not just in the wind turbine segment, but also in other sectors. For us, it is the perfect time to be here, and we are sure that India will become an export hub for regions such as North America, South America, and Europe in the future." IndoSpace has an expansive presence in Tamil Nadu with 15 Grade A industrial and logistics parks located all around the main industrial area.