Visaka Industries Greenfield Cement boards/panels (CBP) plant in Haryana is expected to commence production from next month. The plant has a 50,000 MT CBP capacity. The company is already the largest producer of CBP in the country and the new plant in Haryana will further strengthen its position as market leader. The company is confident of achieving 50-60% capacity utilisation in the very first year of operation. According to the company sources, upcoming plant in Haryana will help the company to reduce lead distance for servicing the northern markets.
Next month the company is also planning to commercialise ATUM, the solar panel embedded roofing sheets (non-asbestos) – a niche, patented product by the company. Initially, the company will be targeting institutional clients in in the factory/warehouse roofing segment for this product. Since the concept is relatively new in India, the company may have to create lot of awareness about it initially.
Visaka Industries has three main business segments – Asbestos Cement Sheet (ACS), Cement boards/panels (CBP) and Yarn spinning. ACS contributes about 64% of its revenue and is the second largest manufacturer of the ACS in the country. During the financial year 2018, the company’s CBP business grew by 14% but on export front faced some challenges.