Infra Elevators to double production capacity.

Infra Elevators, Kerala’s lone elevator maker, is opening its new manufacturing facility at the Industrial Growth Centre in Pallippuram near Thuravur on Saturday.
With the Rs. 5-crore facility, the company is aiming to double its production to 365 units per annum and garner a turnover of Rs. 40 crore in FY20 from the current Rs. 30 crore.
VA Manoj Kumar, the Managing Director said that the current production capacity is 180 units from two facilities which started operations in 2005.
New unit
The new manufacturing unit will be focussed on customised products with the product range spanning passenger lifts, and capsule, home and car lifts.
Though the sales of commercial lifts was on a downward trend in the recent period due to business slowdown, he said that the demand for home lifts is on the rise thanks to the growth in the construction of independent houses across the State.
The company has a market share of around 50 per cent in home elevators in Kerala.
Imported material
A part of the raw material is imported while the remaining portion is domestically sourced with a value addition of 40-50 per cent, said AS Govindan, one of the directors.
It also caters to the export market of Oman, Nepal.
HBL