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Tuesday, May 13, 2003

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Hical opens 4th 100 pc EoU

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BANGALORE: Hical Magnetics Pvt Ltd, an exporter of magnetics and power converters, has announced the inauguration of its fourth 100 per cent export-oriented facility in Electronics City, Bangalore.

The facility, named after Michael Faraday, the inventor of electric transformer, houses design, engineering and manufacturing capabilities for magnetics and power converters for the global market, a release said.

The Managing Director, Mr Shashikiran Mullur, said that the company was actively pursuing opportunities with global majors such as Renault, Bosch and Delphi. "The new facility will cater to the increasing demands of existing customers in design and developmental activities," he added.

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