Able Spring Man­u­fac­tur­ers plans to ex­pand ca­pac­ity

Auto components India - - COVER STORY - Story by: Ramya Srini­vasan ACI

Chen­nai-based Able Spring Man­u­fac­tur­ers will ex­pand the ca­pac­ity of its plant at Ora­gadam, near Chen­nai, to meet the grow­ing de­mand from its cus­tomers across the coun­try. The com­pany has to sup­ply to Greaves Cot­ton 2-3 lakh high­pre­ci­sion springs, valve springs and sus­pen­sion springs ev­ery month. It has bagged or­ders from the Rane Group for around 2 lakh com­po­nents for its Bawal plant in Haryana. Able Spring is also work­ing on to sup­ply 250-500 kg of 2D wire forms to Deven­dra Ex­ports Pri­vate Ltd.

“We have bagged new or­ders from Greaves Cot­ton which is our ma­jor cus­tomer now. We are go­ing to sup­ply 37 kinds of springs to them. The qual­ity of our springs and their va­ri­ety have helped us get the new or­ders. We have a qual­i­fied team to man­u­fac­ture all kinds of springs. Cur­rently, we are sup­ply­ing around 80,000 wire forms a month to Lear Au­to­mo­tive In­dia Pvt Ltd., Sun­daram fas­ten­ers, Rane NSK, and Rane TRW. We sup­ply ex­quis­ite qual­ity springs to our cus­tomers,” Philip Vargh­ese, Man­ag­ing Di­rec­tor, Able Spring Man­u­fac­tur­ers, said.

The com­pany is plan­ning to in­vest in ca­pac­ity ex­pan­sion and in mod­ernising its ma­chin­ery. It is in­vest­ing Rs 4-5 crore to­wards new ma­chin­ery, which will help to lo­calise the raw ma­te­ri­als. Presently, it is im­port­ing its raw ma­te­ri­als from Korea, China and Spain, but af­ter the ex­pan­sion, it ex­pects to man­u­fac­ture on its own. The firm, which had Rs 3 crore turnover last year, is ex­pect­ing 30% in­crease in FY 17-18. The com­pany ex­pects that the new or­ders would help it achieve the pro­jected level of rev­enue.

“We are try­ing to lo­calise the raw ma­te­ri­als as there are only 50% of spring man­u­fac­tur­ers in In­dia who are lo­cal­is­ing their prod­ucts. The others de­pend on im­ports. The ‘Make in In­dia’ plan en­ables all the OEMs and the com­po­nent makers to opt for 100% lo­cal­i­sa­tion. So, our plan to ex­pand our ca­pac­ity is to en­hance pro­duc­tion and for the 100% lo­cal­i­sa­tion of our raw ma­te­ri­als,” he said.

“Our vi­sion is to achieve cus­tomer sat­is­fac­tion through con­tin­ual in­no­va­tion, pro­duce qual­ity prod­ucts and timely de­liv­ery yet hold­ing firmly on hon­esty and gen­uine­ness. We as a ded­i­cated team of­fer cus­tomised so­lu­tions by in­te­grat­ing our knowl­edge with on-go­ing tech­ni­cal in­no­va­tion and de­liver prod­ucts that max­imise value for our cus­tomers. The equip­ment and meth­ods are be­ing mod­ernised to in­crease our pro­duc­tiv­ity and qual­ity level. We want to sat­isfy our cus­tomers and achieve the eco­nomic suc­cess of our com­pany for the fu­ture as well,” Philip Vargh­ese added.

Wide range of springs made by Able Springs Man­u­fac­tur­ers

Philip Vargh­ese, Man­ag­ing Di­rec­tor, Able Spring Man­u­fac­tur­ers

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