CRI Pumps Pvt. Ltd., a Coimbatore-based manufacturer of industrial, residential and agricultural pumps, has made a foray into pipes business with an objective to become a provider of an entire pumping system.
The company, on Monday, launched uPVC and CPVC pipes, designed with higher durability, which will have application in pumping and plumbing systems.
The company has invested Rs.120 crore to set up two state-of-the-art pipe manufacturing units at Gandhinagar in Gujarat and Hosur in Tamil Nadu. While the Gandhinagar unit, which caters to the requirement of markets in western, northern and central India, has become operational, the Hosur plant, with an investment of Rs.72 crore, will start production in August 2015.
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“Making a foray into pipes segment is part of an overall business development strategy arising out of our five-year Vision 2020 by when we target to have a turnover of Rs.5,000 crore compared to Rs.1,300 crore in 2014-15. We could foresee an opportunity in the pipes segment, and we want to be an integrated pumping solution provider,” said G. Soundararajan, Vice-Chairman, CRI Pumps.
uPVC pipes are used as column pipes and casting pipes. These are used as plumbing, sewage and drainage pipes. CPVC pipes are used for hot and cold water and high pressure applications.
Mr. Soundararajan said that company would supply these pipes through its network of 4,000 dealers and 10,000 retailers.
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