In a bid to expand its both new as well as existing facilities, Hindustan Sanitaryware & Industries (HSIL) is planning to invest Rs 650 crore in the next three years. Of which Rs 200 crore will invest on its sanitaryware and ceramics business, while Rs 350 crore will be on its container glass business and remaining Rs 100 crore will be invested on the bathroom fittings business. The company aims 2.8 million pieces annually after the capacity expansions and it aims to touch 5 million pieces a year mark by the end of 2013.
The company is also planning to invest Rs 90 crore to set up a new facility at Bhiwadi. The facility will focus on chrome plated faucets and is expected to be completed by December, 2012. The company has already acquired 10 acres land for the purpose.
Further, the company will invest Rs 300 crore on its Bhongir facility in Andhra Pradesh. It also plans to spend another Rs 50 crore on its Sanatnagar facility near Hyderabad. The two facilities produce container glass.
Recently, the company had recently signed a memorandum of understanding with Gujarat government to set up the plant at Jhagadia.
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