Gunnebo Targets Rapid Expansion of Urban Metro Systems in India
Gunnebo is supplying hundreds of metro speed gates to India’s rapidly expanding public transport system.
Metro projects covering a total length of around 600km are at various stages of planning and appraisal in India, which is following China’s spectacular growth in this area – Shanghai alone has more metro rail lines already in place.
In the past decade, more than 13 cities in India have given the go-ahead for metro rail systems, and many more are seeking clearance from central government for metro rail projects, seen as a modern solution to traffic congestion and environmental problems.
"We envisage major opportunities for metro speed gates the next few years," says Robert Hermans, Senior Vice President Business Unit Entrance Control.
"We are ideally placed in terms of having a good local product and a strong network of relationships with the metro authorities, the main players in the segment, and the banks. This puts us in a strong position to grow our metro business."
The speed gates are assembled in Gunnebo’s Halol factory in Gujurat from kits supplied by Gunnebo in China. Local assembly means that the speed gates comply with the government’s 'Make in India' policy, which stipulates that 50% of manufacturing must take place locally.
GUNNEBO AB (publ)
For more information, please contact:
Robert Hermans, SVP Business Unit Entrance Control, tel +44 7919 217 710, or
Karin Wallström Nordén, SVP Marketing & Communications Gunnebo AB,
tel. +46 708 28 33 39
Gunnebo AB (publ) is a leading, global security provider offering a range of sustainable security products, services and software to retail, mass transit, public and commercial buildings, industrial and high-risk sites, and banks. Gunnebo operates within four core business units: Safe Storage (35% of Group sales), Cash Management (22% of Group sales) Entrance Control (20% of Group sales), and Integrated Security (23% of Group sales). In 2017, Gunnebo continuing operations had a turnover of MSEK 4,900 generated by 4,400 employees located in 25 countries across Europe, the Middle East, Africa, Asia-Pacific and the Americas.
The discontinued business represented MSEK 1,130 turnover with 930 employees in three countries.
Gunnebo’s share (GUNN) is traded on NASDAQ Stockholm under Mid Cap and Industrials.