Cera Sanitaryware, the third largest sanitary ware maker in India, is planning to invest Rs 140 crore in its manufacturing facility in Kadi in Mehsana district of Gujarat, to enhance capacity. As per the plan it will spend Rs 100 crore to increase production of range of wall and vitrified tiles from the present 2.7 million to 3 million pieces and another Rs 40 crore for manufacturing faucets from 2,500 to 5,000 pieces per day at the facility.
The company has achieved a 42% growth in wellness products in the first quarter and is targeting a 50% growth to achieve a sales turnover of Rs 501 crore by the end of the current fiscal. The sales turnover last year was Rs 320 crore.
