Saint-Gobain India – Gyproc, has invested Rs 83 million in its first manufacturing facility for ceiling tiles at Jhagadia, Gujarat.
Venkat Subramanian, managing director, of the company said, “We strongly feel there lies a considerable opportunity in the under-serviced ceiling tiles market due to inconsistent quality imports & stringent policies. Hence, we invested about Rs 83 milliom CAPEX in the production line at the new Jhagadia plant, which is commissioned as per international guidelines.”
Spread across over 21,000 sq ft area, the plant will cater to the ceiling tiles market across India. Commissioned in September 2020, the facility has an annual capacity of 6 million square meters per year.
“The ceiling tiles market is traditionally largely dependent on imports, and the company aims to broaden its base in this market while also playing a role in central government’s “Make in India” scheme, the company said in a media release.