Prism Cement has acquired 50% equity stake in Coral Gold Tiles, Morbi, a company in the business of manufacturing Ceramic Wall Tiles. Accordingly, Coral Gold Tiles has become a joint venture of the company with effect from November 04, 2015.
With this, the capacity for ceramic/vitrified tiles of the H & R Johnson (India) division of the company along with its joint ventures and subsidiaries will increase to over 58 million m² per annum. Leveraging on the Johnson brand and Coral’s local expertise and manufacturing capacity, both partners will take advantage of the joint venture to further their business interests.
Prism Cement is one of India’s leading integrated building materials companies; with a wide range from cement, ready-mixed concrete, tiles, bath products to kitchens.
