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Sun Hydraulics Announces Plans for Indian Market
| Source: Sun Hydraulics Corporation
SARASOTA, FL--(Marketwire - August 1, 2007) - Sun Hydraulics Corporation (NASDAQ : SNHY )
announced that Mr. Rajasherkar Reddy has been retained to develop new
business opportunities in the Indian market. Mr. Reddy has vast experience
in the hydraulics industry, most recently being employed as Business
Development Manager by Sun Hydraulics' distributor in the United Arab
Emirates.
"We are excited to have Mr. Reddy on board and expect he will help us to
develop additional business in the Indian market," said Allen Carlson, Sun
Hydraulics' President and CEO. "While Sun has had distributor
representation in India since the mid 1990s, we believe there are many
additional opportunities for Indian OEMs to use our products. Mr. Reddy
will work with existing distribution and identify new distributor and OEM
contacts across the country to increase Sun sales in this market."
Mr. Reddy will work for Sun in India beginning in September and will
establish a sales office in Bangalore. Sun products will be shipped from
other Sun locations around the world to meet the needs of the Indian
market.
Sun Hydraulics Corporation is a leading designer and manufacturer of high
performance screw-in hydraulic cartridge valves and manifolds for worldwide
industrial and mobile markets. For more information about Sun, please
visit our website at www.sunhydraulics.com.