Pennar to double capacity of hydraulic cylinders in Chennai
Strong, continuous demand drives decision, says official
Value-added engineering products and solutions firm Pennar Industries is doubling the manufacturing capacity of hydraulic cylinders at its facility near Chennai.
From 75,000 cylinders, the capacity of the plant in Periyapalayam, on the outskirts of the city, will be scaled up to 1.5 lakh units with a scope to increase to two lakh.
There is an increase in demand and hence the capacity is being doubled, the company said on Monday. Pennar Industries has more than 25 domestic and global customers for hydraulics. In the past two years, it has supplied more than 1 lakh units to end users in the U.S.
Hydraulic cylinders find applications in areas including agriculture, forestry, construction equipment, material handling, tippers and trailers, aerospace and defence. The new 45,000 sq ft plant will be fully equipped with complete infrastructure and best-in-class machinery and testing equipment to design, engineer and manufacture high-quality hydraulic cylinders.
Stating that strong demand for hydraulic cylinders was behind the move to double capacity, vice-president, corporate strategy, K.M. Sunil, said Pennar planned to make investments in technology, production equipment and the design engineering team to emerge as a leading player.
The estimated investment is ₹15 crore and the new plant is likely to get into production by July.Pennar’s Chennai plant is eight years old and catered railway products to ICF, which is close by, and components to the automobile industry.
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