Sun Hydraulics Corp. Sees Strong Future and Announced New Plant

Jan. 26, 2012
Anticipates need for additional capacity

Sun Hydraulics Corp., a designer and manufacturer of high performance screw-in hydraulic cartridge valves and manifolds for worldwide industrial and mobile markets, announced on Jan. 23 that it will build a third property in Florida.

The new facility, near the Sarasota-Bradenton International Airport will have 60,000 square feet of manufacturing and 16,000 square feet of office space to create capacity for future growth.

The total investment, including the completed infrastructure utility building and site work, is estimated to be approximately $16 million.

"Our long-term goal is to continue to grow both our top and bottom lines by providing quality products with premium service levels," said Allen Carlson, Sun Hydraulics CEO. "To ship increasing volume, we will rely on continued efficiency and productivity gains, but eventually will need to add capacity. We know where we will build the new facility and generally what it will look like. By completing site preparation work now, we put ourselves in position to begin construction, when we are ready, without delay, but no decision has been made regarding the timing of the start of the construction phase."

Continuing, Carlson added, "We have long anticipated that we would eventually need additional capacity and began acquiring land as far back as 1996, the time of our last expansion. We expect our 2011 financial results to be strong, achieving record levels on both the top and bottom line. The global macroeconomic indicators remain positive and we believe this is a good time to add infrastructure."

Popular Sponsored Recommendations

Gain a competitive edge with real-world lessons on private 5G networks

Nov. 16, 2023
The use of private networks in manufacturing applications is rapidly growing. In this paper, we present valuable insights and lessons learned from the field with the goal of enhancing...

How to Build Zero-Cost On-Site Solar and Storage Projects

Nov. 25, 2023
The Inflation Reduction Act offers tax credits, incentives, and financing that enable no-cost projects. In Enel’s eBook, discover the critical role that incentives play in your...

Four Keys To Operational Excellence

Sept. 20, 2023
As manufacturers face supply chain disruption and shrinking margins, increasing operations performance is critical. Our smart manufacturing guidebook can help you achieve the ...

The Manufacturer's Guide to Transforming the Service Experience.

Sept. 11, 2023
Learn how a unified data platform can make your service experiences more efficient while reducing costs. Turn your service center into a profit center and map your service transformatio...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!