Hero Cycles on Monday opened a new all-aluminium cycle producing unit at its existing facility in Ghaziabad, near here. It will help the company indigenise production of aluminium cycles. The plant has an installed capacity to produce one lakh cycles per annum. 'This new facility will be producing aluminium bicycles, giving our products a new dimension and an edge over our competitors,'Hero Cycles Co-Chairman and Managing Director Pankaj Munjal said.