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Menon Bearings’ Board approves new production capacity in various segments

Monday, 17 Jul 2023
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Menon Bearings' Board has approved the creation of new production capacity for manufacturing of new products in aluminium castings, thrust washers and engine bearing segments. To support this plan, the company is constructing a 42,000 sq. ft. of factory building in bearing division, and 65,000 sq. ft. of plant in aluminium division.

Eyeing new market opportunities with a future focus, the company is ramping up its production facilities, and its proposed capacity utilisation includes 500 tonne of aluminium castings, and 110 lakh pieces of thrust washers and engine bearings.

The capacity addition will be carried out within a year, with an investment entailing approx. Rs 30 crore. The expansion will be funded through internal accruals and debt.

 
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