Thursday, October 29, 2020

HSIL Invests ₹100 Crores To Expand Operations Capacity of the Plastic Pipes and Fillings Plant

HSIL, makers of the iconic brand Hindware announced an investment of ₹100 crores in their plastic pipes and fittings solution business to increase the production capacity at the Sangareddy, Telangana plant. Through the investment, the Company aims to augment the production from current 30,000 tonnes to 48,000 tonnes by September 30, 2022.

Despite the ongoing pandemic, there has been a significant increase in the demand of CPVC and UPVC pipes and fittings. The strategic investment will help the company cater to the requirements from the customer base, optimize the lead-time, and consistently meet the future demands from various markets.

Mr. Sandip Somany, Vice Chairman and Managing Director, HSIL Limited said, “Since the inception of our plastic pipes and fittings company, we have done exceedingly well and in a short duration have emerged as one of the leading players in this segment. The increased production capacity will support the Company’s aggressive expansion plans and address the growing production requirements. The investment of ₹100 crores is a strategic decision to make our production facility more robust and manage the demands in the new normal. The expansion is a testament to our commitment to the customers and our vision for the future.”

The solutions comprises Chlorinated Polyvinl Chloride (CPVC), Unplasticised PVC (UPVC), Soil-Waste-Rain (SWR) pipes and PVC pipes for potable water. The wide range plumbing solutions are used in the transportation of portable water, waste disposal, borewells, irrigation and sprinkler systems. The company has an agreement with the ~US$18 billion Japanese conglomerate Sekisui Chemical Co. Ltd. for the supply of NSF-certified CPVC compound, Durastream, to provide quality piping solutions to cater to varied market requirements. The products are manufactured in line with the Indian Standards Institution and other international standards.

The plant received the Indian Green Building Council (IGBC) platinum rating for the entire manufacturing process in FY 2019-20; is the 8th plant in India to receive this coveted certification and is the first platinum-rated green plant in this sector. The company’s commitment to environmental conservation continues to be an integral part of their business strategy.

About HSIL : The company was founded in 1960 as Hindusthan Twyfords Limited, in technical collaboration with Twyfords, United Kingdom to establish the first vitreous china sanitaryware manufacturing company in India. Today, the company houses the Building Products and Packaging Products Division. The Building Products division primarily comprises the manufacturing of sanitaryware, faucets and plastic pipes and fittings whereas the manufacturing and marketing of various packaging products, including glass containers and Polyethylene Terephthalate (PET) bottles and products and security caps and closures is under the Packaging Products Division.

No comments:

Total Pageviews