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Sezal glass to invest Rs 500 cr for expansion

25 Oct 2011 Evaluate

Post the sale of its float glass business to Saint-Gobain India Ltd. for Rs 686 crore, Sezal Glass Ltd. is now planning to expand its value-added glass business with the sales proceeds. One of the leading Indian players in the architectural glass business, Sezal Glass is investing around Rs 500 crore for expansion in its manufacturing set ups across the country. What's more, moving ahead from value-added glass, the product profile following the expansion will include manufacture of high quality, value-added glass products like security glass, safety glass, fire resistant glass, acid patterned glass, bullet proof glass and manufacturing of other glass products -patterned and solar glass. The expansion plan would also be generating new employment opportunities. Recently, Sezal Glass Ltd. had sold its float glass business to Saint-Gobain Glass India Ltd., a 100 per cent subsidiary of France based Compagnie de Saint Gobain on slump sales basis for consideration of Rs 686 crore.

Taking into consideration aspects such as climate, safety and aesthetics the demand for high quality, value-added glass is rapidly increasing in India. The value-added glass business is roughly about Rs 2,000 crore and is increasing at the rate of 30 per cent per annum. With this expansion plan underway it will have a 15 per cent market share of the value added glass business in a span of next three to five years. Apart from architectural glass processing business, Sezal Glass Limited also operates in lifestyle home and office interior products under the brand name 'Encasa' at two locations in Mumbai. The company's 'Encasa' brand trades in all mid and high end decorative glass, art and artifacts, lights and luminaires, sanitaryware, tiles, furniture, and wallpapers, among others.

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