Kajaria Ceramics (KCL) has formed a joint venture (JV) with Vennar Ceramics, a subsidiary of Anjani Portland Cement, to manufacture wall tiles. The joint venture will set up a unit at Kaikalur near Vijaywada in Andhra Pradesh with a capacity to produce 2.30 million sq metre a year of high-end ceramic wall tiles.
Kajaria acquired a 51% stake in Vennar Ceramics by way of subscribing to fresh equity share capital for a sum of Rs 13.65 crore.
Vennar is putting up a brand new plant which would start commercial production in June 2012. This will help Kajaria cater to the southern markets by reducing the transit time for the delivery of goods and savings in transportation costs.
Kajaria Ceramics manufactures more than 400 options of flooring solutions such as wall tiles, floor tiles, vitrified tiles and Spanish and Italian tiles. The tiles major market these products under the brand name Kajaria, Kerrogres, Eternity, Aparici, Saloni ceramica, Ergon and GRESPANIA Ceramica.