Hydro S&S to establish new plant at Pune

Hydro S&S Industries Ltd has announces its plans to establish a new manufacturing facility at Pune. The Company is a major vendor of specialized compounds (branded "HYFIL") for Automotive Plastics for Hyundai, Tata Motors, General Motors etc. These compounds also find application in the Appliance and Furniture segments. Automotive applications include Bumpers, Instrument panels, Pillars and Side Trims and other interior & exterior plastics. The product range also includes Thermoplastic Elastomers and Pultruded profiles.

The Company currently has two compounding facilities at Pudukottai (near Trichy) and Pondicherry with a processing capability of about 18000 MTs per annum. With both plants equipped with QS 9000 and TS 16949 certification, sales to the auto sector constitute more than 85% of its output with its materials being used in all the high volume cars manufactured by these auto majors.

With the expansion of General Motors, Mahindra & Mahindra, the re-entry of FIAT and the new project of Volkswagen in the vicinity of Pune, the Company is proceeding with creating a third facility in the Pune belt to handle the increasing requirements of these OEMs.

The Company informs that this facility will initially have a annual capacity of 6000 MTs with plans to enhance the same dovetailed with the capacity increase of the 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", states a Company spokesman. "This manufacturing facility will become operational by March 2008".

Source : Equity Bulls

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