Poly­hose takes over Ashok Ley­landJohn Deere CE plant

Commercial Vehicle - - NEWS -

Hy­draulic com­po­nent maker Poly­hose has ac­quired the Chen­nai con­struc­tion equip­ment fa­cil­ity of Ashok Ley­land and John Deere Joint Ven­ture (JV). A lead­ing man­u­fac­turer of high pres­sure thermo-plas­tic hoses and abra­sives, Poly­hose plans to ex­pand its foot­print in the man­u­fac­ture of hy­draulic at­tach­ments for con­struc­tion and agri­cul­ture equip­ment in­dus­try. With Ashok Ley­land fo­cus­ing heav­ily on its com­mer­cial ve­hi­cle busi­ness, the com­pany is grad­u­ally ex­it­ing divi­sions that are un­der-per­form­ing. The 50acre site that Poly­hose has ac­quired, in­cludes a build­ing, plant and ma­chin­ery. Op­er­a­tions are ex­pected to com­mence in the next three months. De­pend­ing on the re­quire­ment, Poly­hose is ex­pected to in­crease the man­power count from the cur­rent 200 to 500 in the near fu­ture. Poly­hose as­pires to cross Rs.1,000 crore rev­enue mark from the cur­rent Rs.700 crore rev­enue by year 2020.

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