Somany Ceramics announces expansion of production line of tile manufacturing at Kassar PlantSOMANYCERA - 593 Change: -3.25 (-0.54 %)
News: Somany Ceramics announced that the modernization cum expansion of a production line of double fast firing (DFF) to produce large format wall tile was successfully completed and commercial production has commenced from 21st April, 2022.
Views: Post this, the total capacity of tile manufacturing at Kassar Plant has increased to 23.3 mn sq mtr per annum vs. 17.1 mn sq mtr, earlier. We note that this expansion (entailing Rs 45 crore) was announced last year and is on expected lines and is part of the company’s plan to expand overall capacities at various places by ~20%. Bigger challenge for the tiles companies, would be passing on higher gas prices in near term.