New Delhi, October 28,
2020.
HSIL, makers of the iconic brand Hindware
announced an investment of ₹100 crores in their plastic pipes and fittings
solution business to increase the production capacity at the Sangareddy,
Telangana plant. Through the investment, the Company aims to augment the
production from current 30,000 tonnes to 48,000 tonnes by September 30, 2022.
Despite
the ongoing pandemic, there has been a significant increase in the demand of
CPVC and UPVC pipes and fittings. The strategic investment will help the
company cater to the requirements from the customer base, optimize the lead-time,
and consistently meet the future demands from various markets.
Mr.
Sandip Somany, Vice Chairman and Managing Director, HSIL Limited said,
“Since the inception of our plastic pipes and fittings company, we have done
exceedingly well and in a short duration have emerged as one of the leading
players in this segment. The increased production capacity will support the
Company’s aggressive expansion plans and address the growing production
requirements. The investment of ₹100 crores is a strategic decision to make
our production facility more robust and manage the demands in the new normal. The
expansion is a testament to our commitment to the customers and our vision for
the future.”
The
solutions comprises Chlorinated Polyvinl Chloride (CPVC), Unplasticised PVC
(UPVC), Soil-Waste-Rain (SWR) pipes and PVC pipes for potable water. The wide
range plumbing solutions are used in the transportation of portable water, waste disposal, borewells, irrigation and sprinkler systems.
The company has an agreement with the ~US$18 billion Japanese conglomerate
Sekisui Chemical Co. Ltd. for the supply of NSF-certified CPVC compound,
Durastream, to provide quality piping solutions to cater to varied market
requirements. The products are manufactured in line with the Indian Standards
Institution and other international standards.
The
plant received the Indian Green Building Council (IGBC) platinum rating for the
entire manufacturing process in FY 2019-20; is the 8th plant in India to
receive this coveted certification and is the first platinum-rated green plant
in this sector. The company’s commitment to environmental conservation continues
to be an integral part of their business strategy.