Everest to invest Rs 50 crore in new Orissa plant

Everest Industries plans to set up a 1,00,000-tonnes fibre cement product plant in Orissa with an investment of Rs 50 crore. The company is in the process of identifying 20 acres in Orissa for the new plant that will produce roofing solution products. The expansion will be funded through internal accruals.

Currently, Everest has six production lines of fibre cement for roofing and three lines for boards at its Roorkee plant. The company offers a complete range of building solutions which includes ceilings, walls, flooring, cladding, doors, roofing and pre-engineered steel buildings. Besides Roorkee, it has manufacturing facilities at Kymore, Nashik, Coimbatore and Kolkata.