Chennai, Oct. 6
POWERCAP Systems (Madras) Pvt Ltd, a manufacturer of transformers and coils that find application in electrical and electronic equipment, plans to shift to a larger factory as it diversifies its product portfolio.
The company, which has a 7,000 sq ft plant at Perungudi on the Old Mahabalipuram Road here, will move to a 20,000 sq ft facility at Tiruporur. The new plant will be set up at a cost of Rs 1 crore, according to Mr T. Pandian, Managing Director.
Established in 1989, Powercap Systems manufactures a range of transformers and magnetic wound coils that are used in electronic and telecommunication equipment.
It has started supplying transformers to IFB Automotive. Powercap has a capacity to produce 20,000 transformers a day and is making RF suppression coils.
This product goes into various motors in passenger cars, like those for power windows and wipers.
The motors create a noise that leads to electro-magnetic interference and the coils are used to suppress the noise, according to Mr Pandian. The company can make up to 40,000 coils in each shift.
In 2004-05, the company recorded a turnover of Rs 3 crore, of which 50 per cent came from exports. This year it is confident of achieving sales of Rs 5 crore, with exports making up more than 60 per cent.
Mr Pandian said that the company exports its products to countries such as Singapore, Italy, Malaysia, the UK, and New Zealand.
With the new plant, Powercap plans to begin manufacture of power and distribution transformers for outdoor applications. t is in talks with Vestas RRB to supply power transformers for the wind turbines.
The company believes that the large number of office and shopping complexes offers it an opportunity to sell its distribution transformers, as electricity from the transmission line has to be stepped down at these premises, according to Mr Pandian.
Powercap, he said, has obtained ISO/TS 16949:2002 certificate and is in the process of implementing ISO 14001:2004 environment management systems, CE marking of its products, and RoHS (Restriction of the Use of Certain Hazardous Substances in Electrical and Electronic Equipment Regulation 2004).