New Delhi: The Somany Group flagship company Hindustan Sanitaryware is planning a major expansion of glass and ceramic sanitaryware divisions, besides seeking acquisitions abroad.
The company is also planning a four-fold increase in annual turnover to Rs2,500 crore by 2013-14, Rs575 crore up from last fiscal, on the back of setting up of a Rs250-crore greenfield glass manufacturing facility in Andhra Pradesh and expansion of ceramic and sanitaryware business.
“We are targeting a turnover of Rs1,000 crore by 2010-11, and then would take it further to Rs2,500 crore by 2013-14. The increase would come on the basis of our expanding business in both our glass and ceramic businesses,” Hindustan Sanitaryware Joint Managing Director Sandip Somany told PTI.
He said the new facility for making glass containers would become operational by the first half of 2009 and would have an annual production capacity of 80 lakh tonnes.
“This would take our total glass production to 18 lakh tonnes. Our existing glass facility, also in Andhra Pradesh, has an annual capacity of 10 lakh tonnes,” Somany said.
In addition, the company has two ceramic divisions in Andhra Pradesh and Haryana with a joint capacity of 30-lakh tonne, annually catering to its various bathroom products, home appliances and sanitaryware brands, he added.
The company has one glass container brand under the name of AGI and various brands of ceramic products including Rassi (low end), Hindware (middle end), Hind Italian (lower middle), Hindware Art (upper middle) and Keramag (premium) catering to diverse segments in lifestyle and home products.