Asian tiles, fastest expanding ceramic company of India has recently finished its Rs 37 crore wall tile expansion project at its Himmatnagar facility in Gujarat, four months ahead of the proposed date.
Now after expanding its wall tile manufacturing capacity, Asian Granito India Limited is now eyeing the Quartz stone segment.
The company now plans to enter into manufacturing of much promising “quartz stone” by mid financial year 2010-11. Aiming to commence manufacturing of Quartz for a capacity of 5,000 sq ft per day, the company has poured about Rs 15 crore for the same.
"We have recently expanded our wall tile manufacturing capacity; our next plan is to set up a plant to produce Quartz stone which will make Asian Granito the first organised player (in India) to do so. We intend to commence manufacturing of Quartz by middle of the financial year 2010-11. We are eyeing big projects (e.g. airports, shopping hubs) for our Quartz tiles," said Hasmukh Patel, M.D. of Asian Granito India Limited.
"Earlier we had a wall tile manufacturing capacity of 9,300 sq metres per day. While we intended to double it, we ended up exceed our expansion target and added 12,700 sq metres per day. Currently, our total tiles manufacturing capacity is 45,000 sq metres per day, of which 22,000 sq metres per day comes from wall tiles, 16,000 sq metres per day from vitrified tiles, and 7,000 sq metres per day from ceramic tiles," said Kamlesh Patel, chairman of Asian Granito India Limited.
As against a turnover of about Rs 360 crore in 2008-09, during 2009-10 Asian tiles is expecting to post a turnover of Rs 420 crore. "Since the expanded capacity is commencing commercial production from this March, the revenue contribution from it will be realized fully in financial year 2010-11. Nevertheless, for 2009-10 we are expecting a turnover of Rs 420 crore and another 20 % growth to register a turnover of Rs 500 crore for the financial year 2010-11," Kamlesh Patel added.
The management is also much buoyant for their overseas marketing endeavors and expects its export sales to be about 10 % of the total sales in the next two years. Currently, the company manufactures vitrified tiles, wall tiles, and ceramic tiles. During 2009-10 Asian tiles has also set up a marble stone plant with an investment of Rs 55 crore.