Sun Hyd. plans $16M addition

SARASOTA -- Sun Hydraulics Corp. (symbol: SNHY) is preparing to construct a new 76,000-square-foot facility on Tallevast Road and plans to spend $16 million to complete construction.

Sun Hydraulics' new facility will offer 60,000 square feet of manufacturing space, plus 16,000 square feet of space for offices, a release from the company explains.

Although Sun Hydraulics is working with builder Halfacre Construction to apply for necessary permits immediately, CEO Allen Carlson says the company has not decided on a start date for the new project.