USG Boral’s plant to come up in Sri City in 18 months
USG Boral Building Products India Ltd, a leading plasterboard, metal, joint compound, putty and mineral fibre ceiling products company, launched a...
Tirupati: USG Boral Building Products India Ltd, a leading plasterboard, metal, joint compound, putty and mineral fibre ceiling products company, launched a ground-breaking ceremony at Sri City SEZ on Thursday, marking the start of construction of its plasterboard manufacturing plant.
Frederic De Rougemont, Group CEO, USG Boral along with Dan Casey, Senior Vice President, Asia and Middle East, USG Boral Sumit Bidani, CEO, USG Boral (India) and others performed formal ground-breaking ceremony in the presence of many heads of customer companies. The unit, built on a plot of 24 acres at an initial investment of Rs 300 crore, will allow for 30 million square metre of plasterboard capacity in a standalone facility.
The plant is expected to be completed in 18 months and will create job opportunity for about 100 persons. Through this plant, the company will meet the domestic market demand and from South Asia region including Bangladesh and Sri Lanka.
Speaking on the occasion, Frederic De Rougemont said their customers in India will benefit from the plant to be set up at the Sri City. “This facility offers us the ability to significantly increase our operations in India and provide our customers in the region with the best plasterboard products,” he added.
Ravindra Sannareddy, Founder Managing Director, Sri City, who is on a tour to the US in a message said, “The need of the hour is to go for sustainable, durable and quick construction, addressing the global housing demand.
We are very proud to welcome USG Boral, who are committed to develop solutions that answer the needs for quality walls and ceilings through their high quality, high strength plasterboard products in the country.”
Stating that they have chosen Sri City for setting up the plant because of its strategic location, connectivity and world-class infrastructure, Sumit Bidani said, “This facility will be in line with our overall strategy to grow our business in India and establish USG Boral as the leading player in the building products technology and solutions space in the country.”
USG Boral started operations in India in 2014 following the joint venture announced at the corporate level. It operates across the Indian sub-continent, including Nepal, Bangladesh and Sri Lanka. USG Boral has established business footprint across the country. It has fully automated manufacturing facilities at Khushkhera Alwar (Rajasthan) and Solavram (Chennai).