Bel Announces Grand Opening of New Facility in India
Bel Fuse Inc. (Nasdaq: BELFA and BELFB) has announced the grand opening of its new manufacturing facility in Manesar, Gurugram, India. This development follows the company's acquisition of Enercon in November 2024 and replaces Enercon's original Indian factory established in 2018.
The new facility represents a significant expansion for Bel's Power Solutions and Protection segment, with the potential to double its manufacturing capacity in India. The workforce has grown from 17 to over 200 associates since 2018. This strategic move enhances Bel's manufacturing footprint outside China, offering increased optionality for customers.
Bel Fuse Inc. (Nasdaq: BELFA e BELFB) ha annunciato l'apertura ufficiale del suo nuovo stabilimento di produzione a Manesar, Gurugram, India. Questo sviluppo segue l'acquisizione della Enercon avvenuta a novembre 2024 e sostituisce l'originale fabbrica indiana di Enercon, fondata nel 2018.
Il nuovo stabilimento rappresenta una significativa espansione per il segmento Soluzioni Energetiche e Protezione di Bel, con il potenziale di raddoppiare la sua capacità produttiva in India. La forza lavoro è cresciuta da 17 a oltre 200 dipendenti dal 2018. Questa mossa strategica migliora la presenza produttiva di Bel al di fuori della Cina, offrendo maggiore flessibilità per i clienti.
Bel Fuse Inc. (Nasdaq: BELFA y BELFB) ha anunciado la gran apertura de su nueva planta de fabricación en Manesar, Gurugram, India. Este desarrollo sigue a la adquisición de Enercon en noviembre de 2024 y reemplaza la fábrica original de Enercon establecida en India en 2018.
La nueva instalación representa una expansión significativa para el segmento de Soluciones de Energía y Protección de Bel, con el potencial de duplicar su capacidad de fabricación en India. La fuerza laboral ha crecido de 17 a más de 200 empleados desde 2018. Este movimiento estratégico mejora la huella de fabricación de Bel fuera de China, ofreciendo mayor flexibilidad para los clientes.
Bel Fuse Inc. (Nasdaq: BELFA 및 BELFB)는 인도 구르가온 마네사르에 새 제조 시설의 개장을 발표했습니다. 이 개발은 2024년 11월 Enercon 인수에 이어 이루어졌으며, 2018년에 설립된 Enercon의 원래 인도 공장을 대체합니다.
새로운 시설은 Bel의 전력 솔루션 및 보호 부문의 중요한 확장을 나타내며, 인도에서 제조 용량을 두 배로 늘릴 수 있는 잠재력을 가지고 있습니다. 2018년 이후 직원 수는 17명에서 200명 이상으로 증가했습니다. 이 전략적 결정은 중국 외부에서 Bel의 제조 입지를 강화하여 고객에게 더 많은 선택지를 제공합니다.
Bel Fuse Inc. (Nasdaq: BELFA et BELFB) a annoncé l'ouverture officielle de sa nouvelle usine de fabrication à Manesar, Gurugram, en Inde. Ce développement fait suite à l'acquisition d'Enercon en novembre 2024 et remplace l'ancienne usine indienne d'Enercon, établie en 2018.
La nouvelle installation représente une expansion significative pour le segment des Solutions Énergétiques et de Protection de Bel, avec le potentiel de doubler sa capacité de fabrication en Inde. La main-d'œuvre est passée de 17 à plus de 200 employés depuis 2018. Ce mouvement stratégique renforce la présence de Bel en dehors de la Chine, offrant plus d'options aux clients.
Bel Fuse Inc. (Nasdaq: BELFA und BELFB) hat die feierliche Eröffnung seiner neuen Produktionsstätte in Manesar, Gurugram, Indien, bekannt gegeben. Diese Entwicklung folgt auf die Übernahme von Enercon im November 2024 und ersetzt die ursprüngliche indische Fabrik von Enercon, die 2018 gegründet wurde.
Die neue Einrichtung stellt eine bedeutende Expansion für den Bereich Energie- und Schutzlösungen von Bel dar, mit dem Potenzial, die Produktionskapazität in Indien zu verdoppeln. Die Belegschaft ist seit 2018 von 17 auf über 200 Mitarbeiter gewachsen. Dieser strategische Schritt verbessert die Produktionsbasis von Bel außerhalb Chinas und bietet den Kunden mehr Flexibilität.
- Doubles manufacturing capacity in India
- Geographic diversification reduces China dependency
- Workforce growth from 17 to 200+ associates
- Successful integration of Enercon acquisition
- None.
WEST ORANGE, N.J., March 07, 2025 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB) (“Bel” or the “Company”) today announced the grand opening of its new facility in Manesar, Gurugram, India, a critical milestone following Bel’s acquisition of Enercon in November 2024. The original Enercon factory in India, which this replaces, was opened in 2018 and grew from 17 associates to over 200 associates today. The new facility will enable our Power Solutions and Protection segment to double its manufacturing capacity in India. This expands the overall Bel footprint outside of China thus providing more optionality for our customers.
Dan Bernstein, President and CEO of Bel, commented, “We’re excited to be celebrating the opening of our new facility in India. This project was underway by the Enercon team at the time of our acquisition and will aid Bel’s goal to accelerate the geographic diversification of our manufacturing footprint.” Eyal Shary, CEO of Enercon, added, “We are proud of our investment in India and our ability to grow our manufacturing base within it. The Enercon team did an amazing job of keeping this project on track even during the acquisition process and we look forward to the combined company benefitting from the additional space.”
About Bel
Bel (www.belfuse.com) designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the defense, commercial aerospace, networking, telecommunications, computing, general industrial, high-speed data transmission, transportation and eMobility industries. Bel's portfolio of products also finds application in the automotive, medical, broadcasting and consumer electronics markets. Bel's product groups include Power Solutions and Protection (front-end, board-mount and industrial power products, module products and circuit protection), Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies), and Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components). The Company operates facilities around the world.
Company Contact:
Lynn Hutkin
VP Financial Reporting & Investor Relations
ir@belf.com
Investor Contact:
Three Part Advisors
Jean Marie Young, Managing Director or Steven Hooser, Partner
631-418-4339
jyoung@threepa.com; shooser@threepa.com
FAQ
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