Talking to reporters after inaugurating the plant, Andreas Hettich, Global CEO, Hettich, said, "This is our first factory in India and also the first for wire products anywhere. The products will add to our existing portfolio of 10,000 products."
"Our experience (in India) has given us the confidence to start thinking about setting up new product lines and factories," he said.
The move will help the company in expanding its market share in the local market and also de-risk global businesses. he added.
"We are confident that the Vadodara plant will further strengthen our position as one of the leading companies in the furniture fittings space globally," Hettich added.
The facility will make Cargotech Wire Basket, a kitchen segment product, for domestic use first and then to meet global requirements, company officials said.
The plant will manufacture other complementary products at a later stage.
The company is also mulling further expansion in the country by pumping in over Rs 500 crore in the next five years at its Vadodara unit as it thinks India can become an efficient base for servicing the growing markets in South and West Asia.
Hettich, having a turnover in excess of USD 1.2 billion, has a presence in 110 countries. The 125 year old brand has fittings and hardwares to cater to all three segments of furniture manufacturing - office, residential, kitchen & bath - with over 10,000 products in its portfolio.
The firm established operations in India by setting up a 50:50 joint venture with Adventz, a Saroj Poddar Group firm, in 2000.
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