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HSIL sets up `160-cr pipe plant in Telangana
Sanitary ware maker HSIL commissioned its new manufacturing unit for plumbing pipes in Telangana, marking its foray into the new segment. Established with Rs 160-crore investment, the new plant which came on about 80-acre site at Isnapur village in Medak district has an annual production capacity of 30,000 metric tonnes which the company plans to double by 2020.
Hyderabad: Sanitary ware maker HSIL commissioned its new manufacturing unit for plumbing pipes in Telangana, marking its foray into the new segment. Established with Rs 160-crore investment, the new plant which came on about 80-acre site at Isnapur village in Medak district has an annual production capacity of 30,000 metric tonnes which the company plans to double by 2020.
The plant will manufacture all types of CPVC and UPVC pipes and fittings, suitable for potable water transportation, water harvesting and sanitation applications, primarily in building construction segment. It will market the products under the brand name, Truflo.
The company says it has hired 1,000 people for the new plant and other expansions in Telangana. “Venturing into pipes segment is a natural extension of our portfolio of bathroom product streams from ‘front of wall’ to ‘behind the wall’.
We aspire to be among the top four brands for pipes in the country in the next five years and are confident of achieving this given that we plan to expand our pipes business by leveraging our current brand, sales and distribution network,” Sandip Somany, Vice Chairman and MD, HSIL Limited, told the media here on Monday.
The market size of the PVC pipes and fittings is poised to grow at a double-digit CAGR (combined annual growth rate) over the period 2015-20 and is projected to reach an estimated Rs 32,700 by FY2020.
“We enjoy over 40 per cent market share in sanitary ware segment across the country. The market share is significantly higher in AP and Telanganam” Somany said.
Replying to a query, he said the company's board has approved a Rs 250 crore capex plan which will be utilised by the end of next year. The company expects about 8 per cent growth in revenues during the current fiscal.
