|Building solutions provider Everest Industries is planning to make operational its first overseas unit at Ras Al-Khaimah in the UAE by December this year or January 2016.|
Built at around Rs. 100 crore, the facility will manufacture boards and panels. It will cater to the company's exports in West Asian and African nations.
"We are hopeful of making operational the overseas unit by December or January. It will give us better access to the Middle Eastern and African markets," Rahul Chopra, Senior Vice-President & head Roofing Business, Everest Industries, told BusinessLine.
According to him, the Ras Al-Khaimah unit might bring down export costs. Currently, exports contribute around Rs. 200 crore towards the company's turnover. Listed on the BSE, Everest reported a turnover of around Rs. 1,035 crore for FY-14.