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Salzer Electronics’ first phase of commercial production to commence in Q4/FY23

Monday, 23 Jan 2023
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Salzer Electronics commenced a new manufacturing facility at an initial investment worth Rs 15 crore to expand the capacity of high-demand products such as wire harnesses and toroidal transformers at Hosur, Tamil Nadu.

The company funded around Rs 15 crore through internal accruals for the initial phase.

The project spreads over eight acres of land and covers an area of around 30,000 sq ft. In the first phase, the company will use 15,000 sq ft and balance in the second phase.

The company expects commercial production of the first phase to commence in March 2023.

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