Sprayking Limited announces Major Machinery Acquisition to Boost Production and Enter New Markets

Sprayking Limited (Formerly known as Sprayking Agro Equipment Limited), Imports High-Tech Machinery Worth Rs. 10 Million which shall elevate Production and Boost Capacity to 8000 Units Daily and Pioneering the its Entry into World-Class Brass Valves Market.

Sprayking Limited (formerly known as Sprayking Agro Equipment Limited) is excited to announce a significant investment in new machinery worth approximately 710 Million. This strategic purchase marks a pivotal step in the company's expansion plans and underscores its commitment to delivering high-quality forging products.

The new machinery, imported from China, is set to revolutionize Sprayking Limited's production capabilities. With an increase in production capacity to 8,000 pieces per day, the company is poised to enhance its market competitiveness, particularly against Chinese brands. The automation and advanced technology incorporated in this machinery will not only boost production efficiency but also significantly improve the quality of the products.

The trial phase for the new equipment has been successfully completed, and installation is expected to be finalized within one month. This swift implementation will enable Sprayking Limited to quickly ramp up its manufacturing processes and meet the growing demand for forging products.

Sprayking Limited is confident that this move will not only improve its competitive edge but also contribute to the overall growth and success of the company. As the installation progresses, the company will provide updates on the operational status and anticipated market impact.

Commenting on this development, Mr. Hitesh Dudhagara, Managing Director of Sprayking said: "The procurement of this advanced machinery marks a pivotal moment for Sprayking Limited Our ability to produce 8,000 high-quality forging products per day will not only meet the rising demand but also position us strongly against Chinese competitors. The increased efficiency and superior quality facilitated by this technology will enable us to enter the brass valves market with products that meet world-class standards."

Our commitment to innovation and quality is at the core of this investment. We are confident that this enhancement in our manufacturing process will open new avenues for growth and help us achieve our long- term strategic goals, This move underlines our dedication to providing our customers with the best possible products while maximizing shareholder value."

Source : Equity Bulls

Keywords

Sprayking MachineryAcquisition Import BrassValves