Pennar Industries to Increase Hydraulic Cylinders Capacity to Meet Global Demand
/ -- Capacity to go up from 75,000 cylinders to 200,000 cylinders per annum
Mr. K M Sunil, Vice President - Corporate Strategy, Pennar Industries Limited said, "Pennar has found good success with Hydraulic cylinders, primarily because of the company's engineering design and manufacturing capabilities as per customers' unique requirement. Due to a continuous strong demand, we are now doubling our manufacturing capacity from current 75,000 units to 150,000 units per annum with the possibility of increasing it up to 200,000 cylinders as the demand increases. Pennar plans to make technology investment in the world class tech, production equipment and design engineering team to emerge as a leading player in Hydraulics."
Pennar Industries (NSE: PENIND) (BSE: 513228) is India's leading value-added engineering products and solutions company. The Company has a strong presence across growth sectors in India through four business units Railways, Tubes, Industrial Components and Steel Products, and its subsidiary companies, Pennar Engineered Building Systems Limited, Pennar Enviro Limited and Pennar Global Inc. Pennar's all the manufacturing units are ISO 9001:2008-certified and the Company has presence across 10 industry verticals. Pennar has over 30 years of rich experience and more than 1,000 precision engineered products, 2,500 tools and dies, over 600 customers and seven manufacturing plants located at Patancheru, Sadashivpet, lsnapur, Velchal and Mallapur near Hyderabad, Chennai in Tamil Nadu and Tarapur in Maharashtra. For more information, please visit http://www.pennarindia.com
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