Corporate News     11-Nov-21
Acrysil to increase capacity for quartz kitchen sinks by Q2 FY23
Acrysil has announced additional production capacity expansion by 20% (200,000 Quartz Kitchen Sinks p.a.) at Bhavnagar in Gujarat. Thus, taking the Overall Capacity to 1.20 million sinks (1,200,000 sinks) p.a. from current capacity of 1 million sinks (1,000,000 sinks) p.a.

The expansion in production capacity is to meet the growing demand of Quartz Kitchen Sinks in the Domestic & Global markets. The proposed Capital Expenditure involves an investment of Rs.20 crore approx. in Building, Moulds, Plant & Machinery, Utilities and other related infrastructure. The project is likely to be completed by end of Q2 FY2023 and will be financed by mix of internal accruals and debt.

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