Lumax Industries Ltd. has made a strategic move in Taiwan by inaugurating its state-of-the-art Design Centre to strengthen its in-house design capabilities there.
Inaugurating the new centre, the Group Chairman, Mr. D.K. Jain said: “The Design Centre in Taiwan will synergise the company’s efforts to deploy best practices in its manufacturing engineering to produce highly integrated innovative products, in addition to capitalising on the strategic advantage of Taiwan as an established and high quality, yet cost-effective, destination for tooling”.
The opening of the Design Centre is seen as a strategic step towards the company’s self-reliance initiatives and making designing cost competitive. The new centre is a testimony to the close ties between Lumax and its business partnerships with Taiwan that span some 36 years. Besides facilitating communication between Taiwanese companies and the Indian headquarters, the well-calculated move will serve as Lumax’s springboard for doing business in Japan, South Korea and the mainland China in future.
Taiwan offers advantages like its excellent geographic location, comprehensive supply chain, industrial clusters, strong manufacturing technology, a hardworking quality workforce and innovative R&D and management capabilities. The company annually purchases roughly NT$350 million from Taiwan’s tooling, machinery and equipment suppliers.
The new centre will fulfil the ever-evolving market needs for innovative lighting solutions and reduce the development time for technologically advanced products. It will also be an interface with key markets of automotive lighting tool makers, including China and Korea, and the Program Management Team of Lumax.
In line with the company’s ongoing business strategy, Lumax has already established a Design Studio and a New Technology Group at its Chakan plant in Pune, which has already become operational.