HHV Pumps Pvt. Ltd., part of the HHV Group, has announced the setting up of its new state-of-the-art manufacturing facility, spread over an area of 52,000 sq.ft., at T.Begur, Nelamangala Taluk, Bangalore.
This new facility, which is set up at an initial investment of Rs. 10 crore, was officially inaugurated by S.V. Narasaiah, the Founder and Chairman of the HHV Group. The Group was established in 1965 to develop Indian self-reliance in high vacuum technology. Narasaiah is considered to be the pioneer of vacuum technology in India.
"HHV aims to be a global leader in vacuum pumping solutions, by ensuring the lowest cost of ownership for our customers through the use of indigenously developed technology as a part of our ongoing ‘Make in India' philosophy," said Prasanth Sakhamuri, Managing Director of HHV. "The existing unit of HHV Pumps located at Peenya, Bangalore, which had commenced manufacturing operations in 2009, will be shifted to the new facility. The new facility, with employee strength of 65, will manufacture vacuum pumping solutions of international standards including the two-stage rotary vane vacuum pumps, single stage rotary vane vacuum pumps, roots boosters, multi-stage dry vacuum pumps and multi-stage dry vacuum pumping systems."
"The new unit will have 90% of the machining activity located in-house. The target markets for our products would be air conditioning and refrigeration, chemical/pharma, electrical and power, general/ industrial (including packing), research and development, solar for lamination and others. We expect a turnover of Rs. 38 crore for the current financial year from this unit," added Sakhamuri.
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