Finolex Growing Pipes Business
Published on by Water Network Research, Official research team of The Water Network in Business
Manufacturer of PVC Pipesand Fittings are Wiling to Expand Their Business in Northern and Eastern Asian Markets
The Pune-based company has also dropped an earlier plan to build a fourth pipes manufacturing plant in India. Instead, it plans to enhance capacity at its three existing plants in a phased manner. It has also set up its first warehouse in Odisha to help it expand into northern and eastern markets.
To focus on pipes, the company is adding 30,000 tonnes a year capacity through brownfield expansion at its units at Pune, Ratnagiri and Masar, over the next three years. The incremental capex of 90 crore will take the company's annual capacity to 3.2 lakh tonnes.
Interestingly, in 2008, the company had inked a deal worth 300 crore with international real estate player Tishman Speyer for the sale of 78 acres at its Chinchwad corporate office. That the deal did not go through may be a blessing in disguise. "We can double capacity sitting here," Chhabria said.
Read More Related Content On This Topic - Click Here
Media
Taxonomy
- Industry Association
- Governance & Planning