G K Winding Wires breaks ground for its unit in Sri City

Sri City, June 14, 2018:- G K Winding Wires Ltd., a leading manufacturer of winding wires hosted a ground breaking ceremony, marking the start of construction of its production unit in Sri City. Mr. Sameer Agarwal, Managing Director of the company performed pooja and laid the foundation stone.

Speaking on the occasion Mr. Sameer Agarwal said, “Ease of doing business and supportive attitude of the Sri City management made us to prefer Sri City. Another major factor was leadership of the state that strike a balance between needs of the industrialists and interests of the local people. Through this plant, besides meeting the domestic demand, we will export our products to other countries.”

Welcoming the entry of GK Winding, Mr. Ravindra Sannareddy, Founder Managing Director, Sri City said,”As is leading brand in enamelled wires, its presence will certainly facilitate the automobile units in Sri City and also those in and around Chennai.”

The unit, which will be built in a plot of 5 acre in the Domestic Tariff Zone (DTZ) at an initial investment of around Rs. 35 crores, will produce enamelled wires of copper and aluminium. The plant, which is expected to be ready by Mach 2019 will create job opportunity for about 100 persons.

GK Winding Wires Ltd has been in the business of making copper and aluminium winding wires since 1975, and the turnover of the company in the financial year 2017-18 is 410 Crores. Its major customers include – Lucas TVS, Denso, Valeo, Philips, ELGI, LG and many others, primarily in auto electrical and appliances space. The company, which is headquartered at Noida, has already three production units in north India, and the SriCity Unit will be the fourth plant.