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Wipro to set up Rs 500 crore facility in Karnataka for printed circuit board materials
Wipro to set up Rs 500 crore facility in Karnataka for printed circuit board materials

Time of India

time2 days ago

  • Business
  • Time of India

Wipro to set up Rs 500 crore facility in Karnataka for printed circuit board materials

Wipro Infrastructure Engineering (WIN) has launched Wipro Electronic Materials, a new division focused on manufacturing high-performance base materials for Printed Circuit Boards (PCBs). The company is investing approximately Rs 500 crore to establish a Copper Clad Laminate (CCL) manufacturing facility in Karnataka, creating around 350 jobs. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Engineering and manufacturing solutions provider Wipro Infrastructure Engineering (WIN) on Monday announced the launch of a new business division dedicated to manufacturing high-performance base materials for Printed Circuit Boards (PCBs).As part of the new division - Wipro Electronic Materials, the company is establishing a Copper Clad Laminate (CCL) manufacturing facility in Karnataka, with an investment of approximately Rs 500 crore, which will create around 350 manufacturing plant will produce over 6 million sheets of copper-clad laminates and corresponding pre-impregnated materials, according to a company statement."Wipro Electronic Materials marks a first-of-its-kind investment in India's electronics manufacturing landscape, made possible through the timely support of the Government of Karnataka and MeitY."By giving Indian manufacturers reliable access to locally produced, high-quality materials, we are strengthening supply chain resilience and accelerating global competitiveness," Pratik Kumar, CEO of Wipro Infrastructure Engineering (WIN) & MD of Wipro Enterprises, India imports 100 per cent of copper-clad laminates, the company facility will support rapidly growing sectors such as telecommunications, automotive electronics, consumer devices, industrial systems, and AI (artificial intelligence) infrastructure.

Wipro Infrastructure sets up new business division; to invest ₹500 crore
Wipro Infrastructure sets up new business division; to invest ₹500 crore

Business Standard

time2 days ago

  • Business
  • Business Standard

Wipro Infrastructure sets up new business division; to invest ₹500 crore

Engineering and manufacturing solutions provider Wipro Infrastructure Engineering (WIN) on Monday announced the launch of a new business division dedicated to manufacturing high-performance base materials for Printed Circuit Boards (PCBs). As part of the new division Wipro Electronic Materials, the company is establishing a Copper Clad Laminate (CCL) manufacturing facility in Karnataka, with an investment of approximately Rs 500 crore, which will create around 350 jobs. The manufacturing plant will produce over 6 million sheets of copper-clad laminates and corresponding pre-impregnated materials, according to a company statement. "Wipro Electronic Materials marks a first-of-its-kind investment in India's electronics manufacturing landscape, made possible through the timely support of the Government of Karnataka and MeitY. "By giving Indian manufacturers reliable access to locally produced, high-quality materials, we are strengthening supply chain resilience and accelerating global competitiveness," Pratik Kumar, CEO of Wipro Infrastructure Engineering (WIN) & MD of Wipro Enterprises, said. Currently, India imports 100 per cent of copper-clad laminates, the company said. This facility will support rapidly growing sectors such as telecommunications, automotive electronics, consumer devices, industrial systems, and AI (artificial intelligence) infrastructure. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Azim Premji's masterstroke, to acquire majority stake in…, milestone for Wipro Aerospace, announced at…
Azim Premji's masterstroke, to acquire majority stake in…, milestone for Wipro Aerospace, announced at…

India.com

time19-06-2025

  • Business
  • India.com

Azim Premji's masterstroke, to acquire majority stake in…, milestone for Wipro Aerospace, announced at…

Azim Premji- File image Wipro Infrastructure Engineering (WIN) is a provider of engineering and manufacturing solutions. They announced on Wednesday its plan to acquire a majority stake in Lauak Group which is a French manufacturer of aircraft components. Lauak Group was established 50 years ago and is a family-run business that supplies parts to prominent global aerospace companies. Details about the stake size and deal value are not disclosed. WIpro On Partnership With Lauak 'Wipro Infrastructure Engineering (WIN), a leading global engineering and manufacturing solutions provider and the Charritton Family, founders and current shareholders of Lauak Group, announced today at the Paris Air Show that they have entered into exclusive negotiations for a majority stake acquisition in the company. 'The proposed transaction was submitted to the relevant employee representative bodies for consultation, and all necessary approvals have now been received,' a company statement said. The transaction is expected to close in the coming months, it said. New Name: 'Wipro Lauak' Lauak Group and Wipro names would be combined to form Wipro Lauak. The deal will establish a joint Board of Directors with representatives from both Wipro and Lauak to oversee the company's future operations and growth. Lauak Group CEO Mikel Charritton will remain in his role. 'This planned acquisition represents a significant moment in the continued growth of Wipro Aerospace. Lauak's rich legacy in Aerospace and specialised expertise aligns with our long-term vision of building a fully integrated, global aerospace solutions platform. Together, we would be positioned to deliver greater value, agility, and innovation to our customers worldwide,' Pratik Kumar, CEO, Wipro Infrastructure Engineering, said. (With Inputs From PTI)

Wipro Infrastructure Engineering likely to acquire majority stake in French aerospace player Lauak Group
Wipro Infrastructure Engineering likely to acquire majority stake in French aerospace player Lauak Group

The Hindu

time18-06-2025

  • Business
  • The Hindu

Wipro Infrastructure Engineering likely to acquire majority stake in French aerospace player Lauak Group

Wipro Infrastructure Engineering (WIN), engineering and manufacturing solutions arm of Wipro Ltd. and the Charritton Family, founders and current shareholders of Lauak Group, on Wednesday entered into an exclusive negotiation at the Paris Air Show for a majority stake acquisition in the company. However, financial details are not yet known. According to a communique from WIN, details of the proposed transaction were submitted to the relevant employee representative bodies for consultation, and all necessary approvals have now been received. The transaction is expected to close in the coming months, subject to customary closing conditions. Lauak Group is a 50-year-old, family-owned, and renowned French aerospace manufacturer, serving as a tier-1 supplier to major global aerospace companies. The proposed acquisition would reinforce Wipro's commitment to expanding its footprint in the European aerospace sector and enhancing its global capabilities to support key industry players, it said. Wipro further said, the Charritton family, shareholders of the LAUAK Group, have been engaged for several months in a strategic review of how best to secure the company's long-term future and development. Faced with changes in the aerospace sector and the emergence of new global players, this evolution of the group's shareholding structure with Wipro would be part of a broader industrial consolidation strategy. Pratik Kumar, CEO, Wipro Infrastructure Engineering and MD, Wipro Enterprises said, 'This planned acquisition represents a significant moment in the continued growth of Wipro Aerospace. Lauak's rich legacy in Aerospace and specialized expertise align with our long-term vision of building a fully integrated, global aerospace solutions platform.'' WIE is a diversified business, delivering deep expertise across Hydraulics, Industrial Automation, Aerospace, Water Treatment, and Additive Manufacturing. The Lauak Group is a French supplier to aircraft manufacturers.

Wipro Infra to acquire majority stake in French aerospace major Lauak Group
Wipro Infra to acquire majority stake in French aerospace major Lauak Group

Business Standard

time18-06-2025

  • Business
  • Business Standard

Wipro Infra to acquire majority stake in French aerospace major Lauak Group

Engineering and manufacturing solutions provider Wipro Infrastructure Engineering (WIN) on Wednesday said it will acquire a majority stake in French aircraft parts manufacturer Lauak Group. Lauak Group is a 50-year-old family-owned company supplying aircraft parts to major global aerospace companies. The company, however, did not divulge the quantum of stake and size of the deal. "Wipro Infrastructure Engineering (WIN), a leading global engineering and manufacturing solutions provider and the Charritton Family, founders and current shareholders of Lauak Group, announced today at the Paris Air Show that they have entered into exclusive negotiations for a majority stake acquisition in the company. "The proposed transaction was submitted to the relevant employee representative bodies for consultation, and all necessary approvals have now been received," a company statement said. The transaction is expected to close in the coming months, it said. Lauak Group and Wipro names would be combined to form Wipro Lauak. The deal will establish a joint Board of Directors with representatives from both Wipro and Lauak to oversee the company's future operations and growth. Lauak Group CEO Mikel Charritton will remain in his role. "This planned acquisition represents a significant moment in the continued growth of Wipro Aerospace. Lauak's rich legacy in Aerospace and specialised expertise aligns with our long-term vision of building a fully integrated, global aerospace solutions platform. Together, we would be positioned to deliver greater value, agility, and innovation to our customers worldwide," Pratik Kumar, CEO, Wipro Infrastructure Engineering, said.

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