MoneyWorks4Me

Prism Cement’s division enters into JV with Small Tiles

22 Nov 2011 Evaluate

Prism Cement’s division - H&R Johnson (India) and the world's seventh largest tile company has entered into a joint venture (JV) with Small Tiles, a manufacturer of ceramic glazed floor tiles. With this venture, H&R Johnson (India) has acquired a 50 percent stake in Small Tiles. According to the joint venture, Small Tiles will manufacture and supply tiles to H&R Johnson (India). These tiles would primarily be focused in the Northern, Central, Eastern regions of India and the overseas market.

This would be Prism Cement’s fifth tile joint venture and Small Tile will now be supplying glazed floor tiles to the company. Floor tiles have been growing at a healthy rate in India and this joint venture would enable Prism Cement to cater to the growing demand. The plant capacity of Small Tiles is approximately 2.3 million square meters per annum. The plant has capability to manufacture floor tiles of 12” x 12”, 16” x 16”, and 24” x 24”.

H&R Johnson (India), a division of Prism Cement, is the undisputed market Leader in the tile industry since last 53 years across various product categories.

Prism Cement is one of India's leading integrated building materials companies; with a wide range from cement, ready-mixed concrete, tiles, bath products to kitchens.

Peers
Company Name CMP
Ultratech Cement 10996.00
Ambuja Cements 391.00
ACC 1246.15
Shree Cement 22588.80
Dalmia Bharat 1749.20
View more..