Pennar Industries to double its CDW tubes capacity
08 October 2019
Pennar Industries Limited, engineering products, and solutions company announced that it is doubling its Cold Drawn Welded (CDW) tubes manufacturing capacity. Pennar Industries, suppliers of CDW tubes to India’s automotive and construction equipment sectors.
Pennar Industries 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 a 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
With its backward integration of Steel Strips, Pennar would be producing high strength tubing up to UTS of 900 N/mm2. With adverse Diameter to thickness Ratio, coupled with bright annealing facility will give added advantage and offer customers value-added services. With its global presence of sales and marketing offices in US and Europe, Pennar will be exporting approximately 30% of its CDW business volumes.
Pennar Industries is an approved and the preferred tube supplier in the domestic auto sector for many of OEMs in propeller shaft, shocker tube, Chassis Ladder Frame, starter motor casing, seating solutions, and the textile equipment manufacturing Industry.