Hydraulic equipment firm set up in Pune

Aimed at providing hydraulic control equipment to the growing Indian automobile, engineering and agriculture sectors, US-based hydraulic controls manufacturer Husco today launched its manufacturing and Research and Development (R&D) unit in Talegaon near Pune.

Set up on 21 acres of land with an initial investment of Rs 40 crore, the company's facility has the manufacturing capacity of 120 hydraulic valves every day. Husco International CEO Agustin Ramirez launched the unit.

Husco's phase-I facility has started delivering hydraulic and electrohydraulic valves. The company plans to complete the entire plant in another two phases by year 2012.

"We are presently manufacturing valves meant for engineering and construction equipments such as the ones manufactured by JCB. The new plant is aimed to provide components only to the Indian market. We are manufacturing products specifically for the Indian market, which is different from our European clientele," said Ramirez. Hydraulic valves meant for automobile and agriculture sector would be developed in subsequent phases, he added.

The company has clients like Mercedes Benz, Ford, Volvo, Stanadyne Automotive in the automobile sector and wants to supply equipment to Indian automobile giants.

"We are planning to visit all the Indian automobile manufacturers this month. Companies like Tata Motors, Force Motors and General Motors based in Pune would be our prime targets," said Husco's Pune unit General Manager Vikram Sharma.