Sanmar Group Expands Engineering Units at OneHub Chennai
In a recent development, the Sanmar Group, a well-established conglomerate based in Chennai, has secured land within the OneHub Chennai Industrial Park for the expansion of its engineering business units. This expansion includes BS & B Safety Systems acquiring approximately 4.5 acres and Flowserve Sanmar taking 7.5 acres to enhance their manufacturing operations.
The Sanmar Group, with a diverse portfolio spanning chemicals, shipping, engineering, and metals, is a renowned $1.5-billion conglomerate with a global presence in countries like the US, Mexico, and Egypt. The decision to establish manufacturing operations at the OneHub Industrial Park marks a significant step in the group’s growth strategy.
Located along the old Mahabalipuram Road in Chennai, the OneHub Chennai Industrial Park is a sprawling 1,250-acre integrated industrial park developed as a joint venture between CapitaLand Development, Mizuho Bank, and JGC Corporation. This strategic location offers a conducive environment for industrial growth with established infrastructure and modern amenities.
### Land Acquisition for Expansion
The recent land acquisition by the Sanmar Group within the OneHub Chennai Industrial Park signifies a strategic move towards expanding its engineering business units. BS & B Safety Systems, founded in 1981 as a joint venture with BS & B Safety Systems Inc. from the US, specializes in manufacturing rupture disks, rupture disk assemblies, and burst alert sensors, essential components for industrial safety and pressure management.
On the other hand, Flowserve Sanmar, a joint venture with Flowserve Corporation from the US, focuses on producing engineered mechanical sealing devices such as pusher seals, dry running seals, split seals, metal bellows seals, and non-contacting seals. Both companies, currently operating from their existing units in Karapakkam, Chennai, have now acquired additional land within the industrial park to facilitate their expansion plans.
When reached for comment, a spokesperson from CapitaLand confirmed the land acquisition, with BS & B Safety Systems securing 4.5 acres and Flowserve Sanmar obtaining 7.5 acres for their expansion projects. This move underscores the commitment of the Sanmar Group to bolster its presence in the engineering sector and capitalize on the growth opportunities presented by the industrial park.
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### Future Growth Prospects and Industry Impact
The expansion of the Sanmar Group’s engineering units at the OneHub Chennai Industrial Park holds promising prospects for the group and the broader industrial landscape in the region. By consolidating its manufacturing operations within a state-of-the-art industrial park, the group aims to enhance operational efficiency, streamline production processes, and meet the evolving demands of the market.
Moreover, the strategic location of the OneHub Chennai Industrial Park, with its robust infrastructure and strategic partnerships, positions the Sanmar Group for sustained growth and competitiveness in the engineering sector. As the group embarks on this expansion journey, it is poised to create employment opportunities, foster innovation, and contribute to the economic development of the region.
In conclusion, the expansion of the Sanmar Group’s engineering units at the OneHub Chennai Industrial Park exemplifies a strategic investment in future growth and sustainability. By leveraging the synergies of a well-established industrial ecosystem, the group is set to carve a niche for itself in the competitive engineering landscape while driving economic progress and technological advancement in the region.
