HSIL ventures into plumbing pipes segment -min
HSIL, India’s leading Sanitaryware company, has commissioned a Rs 160-crore pipe manufacturing plant at Isnapur village in Medak District of Telangana state which enables the company to diversify into CPVC and UPVC pipes business. 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.
The pipes unit, currently has a total production capacity of 30,000 metric tonnes. The company has 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.
With this backward integration project, the company is well positioned to offer products for the entire bathroom requirements, including pipes. The company expects to have a turnover of about Rs 500 crore within three years and take it up to Rs 800 crore within five years.
HSIL Limited, vastly recognized by its brand hindware, is a leading name in the Indian sanitaryware market. Set up in 1960 as Hindustan Twyfords Ltd, with a technological collaboration with Twyfords UK, the company was renamed to Hindustan Sanitaryware & Industries Limited in 1969. In 2007 HSIL Limited expanded its business portfolio further and Hindware Home Retail Pvt Limited (HHRPL) was incorporated. HHRPL, a 100% subsidiary of HSIL Limited, launched brand EVOK a chain of large retail format stores, offering home interiors & dÃ©cor merchandise. There are 18 EVOK stores pan India at present.