Jaquar Group has announced acquiring a plant of Kutch-based Euro Ceramics for Rs 100 crore. The sanitary ware major also said it will invest Rs 310 crore this fiscal on expansions, and setting up a new plant for lighting products.
Promoter and Director of the company, Rajesh Mehra said:
“The Euro Ceramics plant in Bhachau, Kutch is spread over 17 acres and is among the most state-of-the-art facilities in Asia.”
“We have taken over the plant of Euro Ceramics in a Rs 100 crore deal. With this, Jaquar Group now has five manufacturing facilities in India and one in South Korea,” he said.
Mehra added: “We have planned to invest Rs 80 to 90 crore on this plant during this year on modernisation and capacity expansion.”
This up-gradation would take the current plant production capacity from 1.2 million sanitary ware pieces to 1.8 million pieces, he said further.
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