Pennar Industries Set Up CDW Tubes Capacity In Hyderabad
Pennar Industries Limited, a leading value-added engineering products and solutions company today announced that it is doubling its Cold Drawn Welded (CDW) tubes manufacturing capacity. Pennar Industries is one of the leading suppliers of CDW tubes to India's automotive and construction equipment sectors.
The company will set up a greenfield plant at Hyderabad for the additional CDW manufacturing capacity. Currently, Pennar Industries has an installed capacity to manufacture 1500 MT per month of CDW tubes. The new facility will produce CDW tubes of up to 150 mm diameter and the thickness of 10 mm. The company will incur a capex of INR 65 crore to take its CDW capacity to 3000 MT per month. The new facility is expected to be operational in June 2020.The new facility in Velchal, near Vikarabad, which will take the capacity to 3,000 tonnes a month, will produce CDW tubes of up to 150 mm diameter and thickness of 10 mm