The Hindu Business Line : HRS opens heat exchanger facility

Speaking to newspersons, Mr V. Gokul Das, Director, HRS Process Systems Pvt Ltd, said that the facility has been built on a four-acre plot on Nagar Road and would cater to the South Africa, South America and Asia-Pacific markets.

The facility would be offering heat transfer products and certain packages, he added. The new plant has a capacity of producing units for different capacities and heat transfers. Some 150-200 units of average size could be manufactured per month at the facility.

Details

According to Mr Das, HRS began its Indian operations in 1999 with the manufacture and supply of Ecoflux corrugated tube heat exchangers to various process industries.

It began with licensed manufacturing agreement with the Pune-based Praj Industries. In 2003, the new company was formed and the business was purchased from Praj.

The current employee headcount is 36 and the company plans to add 10-15 engineers to support global expansion, he said.

He added that the company, from 2003-06, saw sales growing from Rs 2.39 crore to Rs 10.17 crore. It closed 2007 with a turnover of Rs 16.14 crore.

Investment

Mr Das also said that HRS India is a wholly owned subsidiary of HRS International.

HRS India has invested Rs 5 crore in the new manufacturing facility; these funds have been generated internally, partly from banks and from shareholder dividends over the past three years.

He said that though the facility was inaugurated on Thursday, it has been producing the heat exchanges and has supplied over 150 units over the past two months.

The other product lines likely to be introduced are the systems business using Ecoflux and Unicus to build fruit processing plants and evaporations solutions for concentration of over 75 per cent of various effluents.

The company is also talking to Coca-Cola and Pepsi for juice concentration plants; if required, it would be able to supply machines with capacity of four, six, nine and thirteen tonnes capacity.

Mr Das said the company would also be creating an R&D centre in Pune to continue process innovations in the food processing and effluent treatment segments.

On financials, he said that the company was targeting turnover of Rs 25 crore for the first year and aims to clock Rs 200 crore by 2010.

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