Pennar Industries (PIL) will raise its hydraulic cylinders from the current capacity of 75,000 cylinders per annum to 2,00,000 cylinders per annum.
The new plant will be equipped to produce 1,50,000 cylinders per annum with scope to expand up to 2,00,000 cylinders as the demand grows.
PIL is augmenting the capacity in a new 45,000 sq ft plant at its existing hydraulics manufacturing facility at Periyapalayam in Chennai, Tamil Nadu.
The plant will be equipped with infrastructure, machinery and testing equipment to design, engineer and manufacture hydraulic cylinders.
The company caters both, domestic as well as global demand for hydraulic cylinders. It is witnessing increase in demand and thus raising its capacity.
The company has over 25 domestic and global customers for hydraulics, including OEMs, distribution and engineering companies.