Published On:August 3 2015
Story Viewed 2328 Times
HSIL Ltd to invest Rs. 217 cr to set up plastic pipes & packaging products plants.
Hindustan Sanitaryware & Industries Limited (HSIL Ltd), the Kolkata-based manufacturer known for its Hindware range of sanitaryware products, will invest Rs. 217 crores for setting up two plants to produce plastic pipes & fitting (used in plumbing) and caps & closures (required for packaging), respectively.
HSIL Ltd. will spend Rs 105 crores to build a plant for manufacturing of CPVC and UPVC pipes and fitting used in plumbing and sanitation. This product line is extension of building product portfolio. The company has entered into agreement with Japan’s Sekisui Chemical Co Ltd (a $ 9-billion turnover company) for supply of chlorinated polyvinyl chloride (CPVC) resin. Interestingly, Sekisui Chemical on July 15, 2015 had announced that it will use its recently constructed CPVC resin and compound plants at Map Ta Phut in Thailand to export CPVC compound in India & Middle East.
HSIL Ltd. will set up the second plant, with an investment of Rs. 112 crores, to manufacture security caps and closures required for protection of products from counterfeiting. This product will be a value addition to the existing portfolio of HSIL’s packaging products division. In this regards, the company has also filed for necessary product patents.
HSIL Limited constitutes two primary business divisions - building products and packaging products. Within the building products division, the product line includes sanitaryware, faucets, wellness and other allied products, kitchen appliances and vents. While HSIL’s packaging products division is one of the leading glass bottle manufacturers, the division added PET bottles to its portfolio with the acquisition of Garden Polymers Private Limited (GPPL) in 2011.