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Seco Eyes India as GDP Growth Nears 7% Through 2030
Articles- Oct 30,26
From a greenfield plant to Seco’s largest site outside Sweden, Pune’s 30-year journey is powering global production, engineering and R&D for the next era of manufacturing.
Seco, a global provider of metal-cutting solutions, marked 30 years in India with an expansion of its Pune production operations. The milestone highlights the site’s growth into a manufacturing, engineering and research and development hub within the company’s global network.
Established as a greenfield operation in 1996, the Pune facility manufactures inserts, tools and toolholders. Products made at the site serve Indian customers and enter Seco’s global distribution network. The company said the expanded production operations will help it prepare for future demand. It did not disclose its investment figures, but described its investment in India as substantial and ongoing.
Commenting on the celebration,“India is a strategically important market and manufacturing base for Seco, with GDP expected to grow at around 7 per cent through 2030. Our largest site outside Sweden is here, bringing together manufacturing, R&D and other functions, and our recent production expansion reflects our long-term commitment. We continue to invest in technology, digitalisation and automation while ensuring that products made in India meet our global standards for quality and reliability. Customers in India and Europe share similar priorities: controlling costs, improving capacity utilisation, reducing downtime and using assets effectively, Stefan Steenstrup, President, Seco.
Seco’s manufacturing work extends beyond producing tools to specification. The company is developing material, coating and micro-geometry technologies, alongside digital solutions designed to improve tool performance and help customers select and use tools effectively. Its technical approach also considers how machining affects later stages of production, including finishing and cleaning.
The company works with customers to identify bottlenecks across their manufacturing value chains. Application-specific input from customers, along with support from service and technical teams, helps inform product development and the use of tooling in the field. Seco’s Pune R&D operation collaborates with other R&D sites across its global network.
India’s industrial growth is creating opportunities across several sectors. Seco sees potential in aerospace and medical manufacturing, particularly the production of implants such as hip, knee, shoulder and spine components. The company works with customers on the specialised tooling required for these applications. An ageing population and longer participation in sport are among the factors supporting demand for medical implants.
The transition to electric vehicles is changing the requirements for cutting tools. Electric vehicles may use fewer cutting tools than vehicles with combustion engines, while demand from energy and data centres is creating opportunities elsewhere. Seco expects digitalisation and automation to play an increasing role in manufacturing, with different technologies working more closely together. The company is also working with artificial intelligence, though it considers it too early to predict precisely how AI will shape future manufacturing.
Sustainability remains part of Seco’s agenda. The company has set targets for reducing its carbon emissions and improving circularity. It also works with customers that have science-based climate targets and need suppliers to support their sustainability goals. Recycling and reprocessing form part of its circularity efforts.
The share of Pune production allocated to domestic and export markets varies according to production volumes, domestic demand and export orders; Seco does not maintain a fixed proportion. As it develops the facility, the company aims to strengthen its production, engineering and R&D capabilities in line with changing industry requirements and support the growth and competitiveness of Indian manufacturers.
Seco India
Pune expansion
metal-cutting tools
manufacturing
R&D
automation
sustainability
medical tooling
Stefan Steenstrup
Atul Mohkhedkar
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