Sun Hydraulics Announces Future Expansion Plans
Sun Hydraulics Corporation (NASDAQ: SNHY) announced that it, in conjunction with its builder Halfacre Construction, has applied for all permitting to begin site preparation for a planned expansion on property the Company owns at 803 Tallevast Road. The initial phase of the planned expansion, an infrastructure utility building that will serve both the existing 701 Tallevast facility and the planned new facility, was completed in November 2011. The new facility, when completed, 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.
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