The Spanish group HINE, founded in 1974 and consisting of seven companies with international presence, has decided to set up in India.
HINE Group, an international leader in designing, manufacturing and integrating hydraulic systems and components, has made the decision based on the size and expectations of rapid growth in wind power sector and other industry sectors in India.
India currently produces wind turbines with a capacity of 4,000 MW per year and all predictions indicate that both the number and power of generators will increase in coming years.
HINE Hydraulics India Pvt. Ltd. will initially supply to the plant Gamesa-Made has recently installed in India. HINE relies on its technological leadership and higher quality standards to rapidly expand its customer base.
INDOLINK is supporting HINE in its venture in India. Currently we are working on the formation of its subsidiary in India which will be located in Chennai.
The HINE Group, whose founder was recently honored for his long and successful business career, has other overseas establishments in China, USA, UK and Brazil.
Source: INDOLINK Consulting