HYDERABAD, Apr 15: Pennar Industries Limited
(PIL), a value-added engineering products and solutions
company, Monday said it is scaling up production of hydraulic
cylinders to two lakh per annum from the existing 75,000.
According to a press release, the company is doubling
the capacity in a new 45,000 sq.ft. state-of-the-art plant at
its existing hydraulics manufacturing facility in Chennai.
The new plant would be equipped with scope to expand
up to 200,000 cylinders as the demand increases.
Pennar Industries Limited Vice President-Corporate
Strategy, K M Sunil, said “due to continuous strong demand, we
are now doubling our manufacturing capacity from the current
75,000 units to 150,000 units per annum with possibility of
increasing it up to 200,000 cylinders as the demand
increases.”
Pennar plans to make technology investment in
world-class tech, production equipment and design engineering
team to emerge as a leading player in hydraulics, he said.
PIL caters to both, the domestic as well as global
demand for hydraulic cylinders that find applications in
agricultural, forestry, construction equipment, material
handling, tippers and trailers, aerospace and defence
industries, the release said. (PTI)
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