With the commissioning of its Rs 120 cr faucet plant at Bhiwadi in Rajasthan, BSE-listed HSIL aims to become the second largest player in the segment by 2016. HSIL, which makes sanitary ware and bathroom fittings under Hindware brand, presently occupies the fourth spot in the faucet segment.
“It is a fully automate plant with only loading and unloading being done manually. It has a capacity to produce 2.5 million pieces annually. On the back on this plant we expect to be the number two in the segment by March 2016. The revenues will also go up to Rs 400 crore from this segment.” HSIL President R B Kabra told The Hindu.
The company now has eight manufacturing plants in India -- two for faucet, two for sanitary ware and four for its packaging product division business.
It will also be investing about Rs 150 crore for a new plant for sanitary ware in Gujarat. The company has already acquired a 70 acre land for the purpose.
“It is a greenfield plant. The work will start in 6 months. It would have an initial capacity of 1.2 million pieces per annum. It should commence operations in two-two and a half year’s time,” Kabra said.
