Fortune Group enters uPVC windows, doors segment
Sets up manufacturing plant at Patancheru
Hyderabad: City-based paints company Fortune Group has entered the uPVC windows and doors segment. The company markets its products under Fenetre brand, and recently established a new manufacturing facility at Patancheru industrial area, Phase-2, near Hyderabad. Fortune Group has invested Rs5 crore for this unit, which has a capacity of 25 lakhs sft per annum.
Akuri Srinivas Reddy, Founder, Fortune Group, said: "We will expand pan India within 3-5 years. We would like to establish manufacturing units in 4-5 locations in different states within five years including Vizag in Andhra Pradesh to cater to pan India clients."
Fortune Group has its brand presence in Hyderabad, Chennai, Vizag, Vijayawada, Guntur, Kanpur and Bengaluru. Fortune Group manufactures paints under Techno Paints brand. The company has successfully completed over 100 pilot projects in the span of two years.
Till date Fenetre has completed orders worth 3 lakh sft and supplying to 100 plus clients.a
Patancheru plant created employment for 70 skilled and unskilled staff. Current order on hand is 6 lakh sft, said company Technical Director A.S.N.Reddy.