Hyderabad, January 23 ,2018: HSIL, indina’s leading Sanitaryware Company, has commissioned a Rs 160-crore manufacturing plant at Isnapur village in Medak District of Telangana state.
The pipes unit, which is the first of its kind manufacturing facility in the state, currently has a total production capacity of 30,000 metric tonnes and with plans to scale up the production capacity to up to 60,000 MT by 2020 in order to emerge as a key player in the CPVC and UPVC pipes and fittings segment, HSIL Vice-Chairman and Managing Director Mr Sandip Somany said in a press conference here on Monday.
The company has entered into an alliance with Sekisui Chemical Co.Ltd, a leading $9-billion in revenue Japanese company for supply of Chlorinated Polyvinyl Chloride (CPVC) resin that goes into manufacture of these pipes, he said.
We have entered into this segment and expect to have a turnover of about Rs 500 crore within three years and take it up to Rs 800 crore within five years.
United News of India