Finolex Industries has inaugurated its first warehouse in the Eastern Region at Cuttack, Orissa. The warehouse is spread over six acres and has the capacity to store 750 to 800 tonnes of pipes and fittings. This step has been taken to expand the market share and now the company will be able to deliver services faster and in a cost effective manner.
The company plans to cater to the states in East India through a hub and spoke model to service the markets of Bihar, Odisha, Chhattisgarh, West Bengal, Assam, Nagaland, Tripura.
Finolex is the largest player in the fragmented and competitive PVC pipes and fittings market in India, with an overall share of around 22%. In addition, its established brand equity and large dealer network have enabled it to capture a significant share of the growing retail PVC pipe market.
Company Name | CMP |
---|---|
Supreme Industries | 4394.00 |
Astral | 2043.00 |
Finolex Inds | 272.10 |
EPL | 182.15 |
Jain Irrigation Sys | 59.34 |
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