Acrysil is expanding production capacity of its Quartz Kitchen sinks by 20% through brownfield expansion at its Bhavnagar plant in Gujarat. The propose capital expenditure (capex) will increase the manufacturing capability of Quartz Kitchen sinks by approximately 1,00,000 units p.a. to 6,00,000 units p.a. The purpose of the expansion is to meet the increasing demand from the export market.
Currently, the company exports to over 55 countries and plan to expand further by acquiring newer customers and penetrating in newer geographies. Exports business as on March 31, 2020 stood at Rs.157 crore, contributing 73% of the total revenue. The total capex envisaged is approximately Rs 15 crore. The expansion project is likely to be commissioned by March 2021. The capex will be financed largely by Internal Accruals.
Acrysil is a leading manufacturer of composite quartz and granite kitchen sinks in India. The company exports granite sinks to more than 20 countries worldwide.