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Business EconomyPosted at: Mar 21 2024 4:42PM


Haworth launches 2nd manufacturing plant in Chennai, eyes double digit sales growth

Chennai, Mar 21 (UNI) Haworth, a 2.57 billion US dollar company, offering premium global workspace solutions, marked a significant milestone with the groundbreaking of its second state-of-the-art factory in Chennai on Thursday and has been eyeing a double digit sales growth this year.
The company’s expansion underscores its commitment to the Indian market and the broader Asia-Pacific region.
With an investment of USD 8-0 million Haworth is set to double the space of its current plant, totalling an impressive 113,000 sq ft.
The second state-of-the-art factory signifies Haworth's dedication to enhancing its manufacturing capabilities and commitment to meeting the growing customer demands for innovative workspace solutions.
The new factory will serve as a hub for producing some of the key Haworth products reducing reliance on imports, fulfilling export demands and optimizing delivery schedules,
a company release said.
Haworth’s outlook continues to remain robust, with strong profitability driven by a diverse product line. The company has strategically focused on premium seating, while capitalising on emerging opportunities in systems and pods.
Haworth was also further exploring new markets in emerging Tier-II cities and has recently onboarded new dealers in Delhi NCR, Ahmedabad and Pune. It continues to bag orders from multinational clients, further reinforcing its position as a preferred workspace solutions provider.
Mr. Franco Bianchi, President and CEO, Haworth Inc., said, "Haworth continues its growth streak with USD 2.57 billion in global sales last year, a 3% increase. We have been in India since 1997 and have played an integral part in the development of high-grade office furniture."
" With the expansion of Grade A spaces across India, we are expecting double-digit sales growth this year in the region. With continuing focus on traditional MNC businesses, we expect to increase our business in Indian national business and emerging markets. Localization of key products in India, supply chain optimization, implementation of a new ERP system, onboarding new dealers, market expansion and investment in new showrooms are our strategic imperatives”, he added.
“Our primary focus has been to provide ergonomic furniture for emerging metropolitan spaces including Banking, IT, Manufacturing, Managed Spaces, Global Capability Centers, Educational and Financial Services", he said, adding, "We set up our first owned manufacturing plant in Chennai during 2014. Since then, Haworth has expanded our range of products produced in India to include the premium segment thereby reducing the dependency on imports and improving delivery timelines. This second plant will not only take care of our local requirements but potentially manufacture products for exports."
Plans are underway to expand the manufacturing footprint by investment in both logistics and manufacturing at the new facility in Chennai," said Mr. Henning Figge, President of Haworth International.
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