You are here: Home » PTI Stories » National » News
Business Standard

Pennar Industries to Increase Hydraulic Cylinders Capacity to Meet Global Demand

Press Trust of India  |  HYDERABAD 

/ -- Capacity to go up from 75,000 cylinders to 200,000 cylinders per annum

(PIL), a leading value-added engineering products and solutions company, today announced it is scaling up its hydraulic cylinders to 200,000 cylinders per annum from the current capacity of 75,000 cylinders pa. 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, and defence industries.

The new plant will be equipped to produce 150,000 cylinders per annum with scope to expand up to 200,000 cylinders as the demand increases. PIL has more than 25 domestic and global customers for hydraulics, including reputed OEMs, distribution and engineering companies in the world. Over the past two years, PIL has supplied more than 100,000 hydraulic cylinders to the end-users in the US market. The company is witnessing an increase in demand and hence is doubling the capacity. PIL is augmenting the capacity in a new 45,000 sq. ft. state-of-the-art plant at its existing Hydraulics manufacturing facility at Periyapalayam, Chennai. The plant will be fully equipped with complete infrastructure and best in and testing equipment to design, and manufacture high quality hydraulic cylinders.

Mr. K M Sunil, Vice President - Corporate Strategy, said, "Pennar has found good success with Hydraulic cylinders, primarily because of the company's engineering design and as per customers' unique requirement. Due to a continuous strong demand, we are now doubling our 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 investment in the world class tech, production equipment and design engineering team to emerge as a in Hydraulics."


About Pennar Industries Limited:

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 through four business units Railways, Tubes, and Steel Products, and its subsidiary companies, Pennar Engineered Building Systems Limited, and 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 and Tarapur in For more information, please visit

DISCLAIMER:

This release contains statements that contain "forward looking statements" including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Pennar's future business developments and economic performance. While these forward looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macroeconomic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 15 2019. 13:50 IST
RECOMMENDED FOR YOU