HSIL to invest Rs 112 crores in caps and closures plant
Kolkata-based Hindustan Sanitaryware and Industries Limited (HSIL), the manufacturer of sanitary ware has announced that it will invest Rs 112 crores in order to set up a caps and closures plant.
17 Aug 2015 | 4046 Views | By PrintWeek India
The new plant will 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 constitutes two primary business divisions - building products and packaging products. 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.
Within the building products division, the product line includes sanitary ware, faucets, wellness and other allied products, kitchen appliances and vents.
The company has also unveiled plans to 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. For this, the company has entered into agreement with Japan’s Sekisui Chemical Co for supply of chlorinated polyvinyl chloride (CPVC) resin.