Hitech Corporation Merged Manufacturing Units
Hitech Corporation Limited informs that as a part of its cost reduction initiative and to avail better synergies, the Company follows a policy to consolidate manufacturing facilities of one unit into another whenever possible.
In furtherance of the above, the manufacturing facility of the Company situated at Galonda (Dadra & Nagar Haveli) is being shifted and merged with the unit situated at Naroli (Dadra & Nagar Haveli) by transfer of Plant and Machinery and other accessories. This will reduce the fixed cost without a reduction in overall capacities of the Company. Both the units are located in proximity to each other; hence supply to the customers will remain unaffected.