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Acrysil announces capacity expansion of Quartz Kitchen Sinks

Tuesday, 31 Aug 2021
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Acrysil, a manufacturer of Quartz Kitchen Sinks, has announced further expansion of production capacity by an additional 1,60,000 Quartz Sinks through greenfield project at Bhavnagar in Gujarat.  This will take the overall capacity to one million sinks per annum. 
The expansion in production capacity is to meet the growing demand of Quartz Kitchen Sinks in global market. 
The proposed capital expenditure involves an investment of approximately Rs 38 crore in land and building, moulds, plant and machinery, utilities, warehouse and other related infrastructure. 
The project is likely to be completed by Q1/FY23 and will be financed by mix of internal accruals and debt. As on 30 August 2021, the company has a production capacity of 7,00,000 units per annum. 
The company had announced expansion of production by 1,40,000 units per annum vide the announcement dated 28 June 2021, which is progressing as per schedule. 
Considering the growing demand globally, the company has decided to set-up greenfield project to expand its production capacity by additional 1,60,000 units per annum. 
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