Parker Hannifin opened Rs. 100 Cr manufacturing facility in Chennai

February 11, 2013 11:03 am

Parker Hannifin Corporation, the global leader in motion and control technologies, inaugurated its first green field manufacturing facility in Chennai. The state-of-the-art, world-class facility is built on a 10-acre plot in Mahindra World City. The new manufacturing site will focus on production for the filtration, pneumatics and drives, sealing and shielding businesses.
The company has invested Rs. 100 crore in setting up the facility. The new facility will manufacture broad range of products and systems for segments such as automotive, off highway mobile, telecom, oil and gas, mining, and primary metals.
“The Chennai facility targets the employment of 300 people in the next 2 to 3 years. With this facility and acquisitions Parker Hannifin India plans to double their revenues within the next 5 years,” the company said in a statement.
Tom Williams, Executive Vice President and Operating Officer, Parker Hannifin Corporation said, “Our new Chennai facility will enhance our ability to support our customers locally here as we build our presence in new markets in India.”  Arijit Sen, Country Managing Director, Parker Hannifin India, said, “Additional manufacturing capacity at Chennai will help the company to cater to the demand for high quality products, engineering solutions and systems in India. We have currently only built the first phase of the project in Chennai of 1,66,000 square feet and we expand further by 1,00,000 square feet in the second phase.”