Hydro S&S to set up plant at Pune

Automobile plastics maker Hydro S&S Industries today said it plans to establish a new manufacturing facility at Pune.

The facility would help Hydro S&S to cash in on the expansion plans of automobile majors like General Motors, Mahindra & Mahindra, FIAT and Volkswagen in the vicinity of Pune, a company statement said at the BSE.

Hydro S&S said that this facility will initially have a annual capacity of 6000 metric tonnes, with plans to enhance the same, dovetailed with the capacity increase of the Original Equipment Manufacturers(OEMs).

"The creation of this facility will allow Hydro S&S to provide enhanced levels of delivery performance and application support to our moulders and OEMs apart from ensuring locational and logistical benefits," a company spokesman stated. The manufacturing facility will become operational by March 2008 and would be the third facility in the Pune belt to handle the increasing requirements of these OEMs.

Hydro S&S is a major vendor of specialized compounds (branded "HYFIL") for automotive plastics for Hyundai, Tata Motors, General Motors etc.