Danish company LJM rents 50,000 sq ft of warehouse space from IndoSpace in Chennai

24 Jun 2022 , 02:08 PM

Lind Jensen Machinery  (LJM), a manufacturer of hydraulic cylinders in Denmark, has leased 50,000 square feet of warehouse space from Chennai industrial park developer IndoSpace.

By adding LJM, IndoSpace has increased the number of tenants it has. According to a statement from IndoSpace, the business will establish its first facility in India at Oragadam II in Chennai, where it will make a hydraulic pitch, lock cylinders, and accumulators for the wind turbine sector.

Next month, the facility is anticipated to be operational. After China, it will be LJM’s second production facility in Asia, the company announced. LJM intends to provide components for the wind energy industry in order to serve both domestic and foreign markets. According to IndoSpace, the initiative has already attracted a 2 million euro investment.

IndoSpace is the largest developer and owner of Grade A industrial real estate and logistics parks in the nation. It is jointly marketed by Everstone Group LLP, GLP, and Realterm. With 15 Grade A industrial and logistics parks spread out throughout the primary industrial area, IndoSpace has a significant presence in Tamil Nadu.

Given the long-term potential, not just in the wind turbine segment but also in other sectors, we see a tremendous chance to set up the unit here. According to Martin Anderson, CEO of LJM, this is the ideal moment for us to be here and we are certain that India will eventually become a center for exports to places like North America, South America, and Europe. In 10 locations, IndoSpace has a network of 44 logistics parks totaling 49 million square feet in completed and ongoing construction.