Rane Engine Valve Ltd (REVL), a flagship company of Rane Group, today inaugurated a new line for manufacturing engine valves for Mahindra and Mahindra farm equipment.
The lean manufacturing practice line was inaugurated by Director of Mahindra Institute of Quality Anjanikumar Choudhari in the presence of Rane Group Chairman L Ganesh, a company statement said here.
With the commissioning of the new line, REVL has further strengthened its position as a valuable partner to the farm equipment sector, it said.
LPS is an initiative that would help the company ensure its survival for some more years and improve productivity manifold, Ganesh said.
Benefits of the new model line include reduction of material travel line by 200 per cent and inventory by up to 80 per cent.
Rane Engine Valves reported a turnover of Rs 234 million for the 2009-2010 fiscal, with 33 per cent revenue coming from overseas market. It has five manufacturing facilities in India and has over 55 per cent market share in the country, the release added.