Finolex Industries has commenced commercial production of PVC pipes at its state of the art PVC pipes manufacturing plant at Masar, near Vadodara, in the state of Gujarat. The company had entered into a MOU with Government of Gujarat during Vibrant Gujarat 2011 Summit for setting up of PVC pipes manufacturing plant at Masar. The plant is set up on an area of around 29 acres and the same will go into production in two phases.
With commissioning of the first phase at Maser, the company has increased its aggregate production capacity of PVC Pipes by about 30,000 MT per annum. In the second phase, the company will take up its capacity at Masar plant to 50,000 MT per annum during FY 2013-14. The aggregate production capacity for PVC pipes for Finolex Industries has gone up to over 200,000 MT per annum.
Finolex is the largest player in the fragmented and competitive PVC pipes and fittings market in India, with an overall share of around 22%. In addition, its established brand equity and large dealer network have enabled it to capture a significant share of the growing retail PVC pipe market.