Ring Plus Aqua (RPAL), a subsidiary of Raymond, and a manufacturer of automotive components, has opened its third manufacturing facility at Sinnar, Maharashtra.

In addition to the two existing plants located at the Sinnar Taluka Co-operative Industrial Estate (STICE), this plant will produce starter ring gears, transmission flex-plates and integral shaft water pump bearings.

The unit has been set up at an investment of Rs 45 crore. The new facility will have a capacity of two million ring bearings per annum.

The unit is built with state-of-the-art technology with a focus on improving safety practices, energy efficiency and environment-friendly processes.  

The company’s manufacturing capacity at Sinnar will be boosted to 8.2 million pieces of ring bearings per annum.

The new plant will create employment opportunities for 200 people.