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Prism Johnson’s JV to close one of production lines

03 Nov 2020 Evaluate

Prism Johnson’s Joint Venture (JV) company -- Antique Marbonite (AMPL) has decided to close one of its production lines having capacity equivalent to 3 MSM per annum with effect from November 2, 2020, due to an aging unviable plant. The kiln for manufacturing vitrified tiles was commissioned in FY2005. AMPL has been a Joint Venture of the H & R Johnson (India), a Division of Prism Johnson (HRJ Division), since May 2005.

The closure of above capacity would not have any adverse impact on overall sales of HRJ Division. With this, the overall capacity of HRJ Division, along-with its joint ventures and subsidiaries shall be 60 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).

Peers
Company Name CMP
Ultratech Cement 10878.20
Ambuja Cements 368.00
ACC 1183.80
Shree Cement 21855.00
Dalmia Bharat 1672.35
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