Parker Hannifin opens Rs.100 crore unit at Chennai

Parker Hannifin Corporation, the global leader in motion and control technologies, inaugurated its first green field manufacturing facility at Chennai. The facility is built on a ten 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 and is expected to contribute to Parker India’s targeted revenue growth. Tom Williams, Executive Vice President and Operating Officer, Parker Hannifin Corporation said, “The inauguration of our first green field manufacturing facility at Chennai and localization of our products demonstrate our commitment to India as a key growth market. Our new Chennai facility will enhance our ability to support our customers locally here as we build our presence in new markets in India.”