Somany Ceramics, a tile maker is likely to acquire stakes in two Morbi-based companies, in order to increase a total production capacity. It aims to increase a total production capacity of 41 million square metres (million sqm) per annum from its existing 36.5 million sqm capacity, by the end of current fiscal.
The company has bagged board’s permission to pick up 26% and 51% in two Morbi based companies Vicon and Amora, respectively. With this initiative, it will acquire a total tiles production capacity of 41 million square metres per annum. The company has three manufacturing units of its own in Gujarat, out of which one is at Kadi and two are in Morbi, besides ten other units to which it outsources production.
