Prism Johnson’s Joint Venture (JV) -- Spectrum Johnson Tiles has decided to permanently close its wall manufacturing plant with capacity of 5 MSM per annum with effect from March 1, 2020 due to an aging unviable plant. The kiln for manufacture of wall tiles was commissioned in FY2001 with second-hand machinery and associated with the H & R Johnson (India) Division (HRJ) of the Company from FY2007. The unit contributed to approximately 3% of the total turnover of HRJ consolidated sales.
With this, the overall capacity of H&R Johnson (India), a Division of Prism Johnson, along-with its joint ventures and subsidiaries would stand at reduced to 63 MSM per annum.
Prism Johnson (formally known as Prism Cement) is a building materials company. The company has interest in Portland cement, tiles, bathroom and kitchen (TBK) and ready mixed concrete (RMC).
