Building & Construction Material

Asian Granito India is planning an expansion of its quartz stone facility at Himmatnagar, dist. Sabarkantha, Gujarat. The company is investing Rs. 200 million in setting up a third line of quartz stone facility at its plant dedicated for exports. Post expansion, the company will be doubling the capacity of quartz stone from the existing 264,000 sq. mtrs/ yr to 528,000 sq. mtrs/ yr in FY 2017-18. Target market for the new quartz plant will be counter tops and interiors (floor) in kitchen, malls, airports, high-end hotels and other places. The company`s current capacity of quartz stone stands at 800 sq. mtrs/ day from its existing two lines which it plans to double to 1,600 sq. mtrs/ day. The company is also launching 20 mm and 30 mm thickness slabs of quartz in the large format of 10.5x5.25 ft. Commercial production of the new range will start in April 2017. [Info as of: Feb. `17]

India \ Gujarat