V-Guard New Plant to Go on Stream Today
V-Guard Industries' new plant for manufacture of solar water heaters is to go live on Wednesday.
Kochi (I-Newswire) September 25, 2013 - The facility, established at the SIPCOT Industrial Complex at Perundurai, will have a capacity to produce 90,000 units of solar water heaters annually.
Claiming to be the country's largest integrated manufacturing facility for polymer tanks and stainless steel tanks for solar water heaters, the Director - Marketing and Strategy of the consumer electrical and electronics major V-Guard Industries, V. Ramachandran, said with this plant becoming operational, the company would aim to reach the top position in the solar water heater category in two years and also explore the possibility of exporting the product.
The facility is spread over 8.4 acres land with a built-up area of 90,000 sq feet. V-Guard has invested Rs 18 crore in this complex, Ramachandran said.
This Kochi-based company has, since its inception in 1977, diversified to become a multi-product company, manufacturing voltage stabilisers, inverters, digital UPS systems, pumps, house wiring cables, fans, electric and solar water heaters.
It has recently forayed into induction cooktops and switchgears. "These are in the test marketing stage," he said, adding "we launched solar inverters very recently."
The company outsources 60 per cent of its product profile, while manufacturing the rest in-house. Its manufacturing facility at Chavadi on the outskirts of Coimbatore has now been relocated to Perundurai.
To a query on the plant location, Ramachandran said that Karnataka and Maharashtra were two major markets for solar water heaters.
"Location of the facility at Perundurai will help us leverage our business and the market."
The company clocked a turnover of Rs 1,360 crore last year and is looking to grow 25-30 per cent this year.
V-Guard's Director- Marketing will inaugurate the Perundurai plant on September 25.
V-GUARD INDUSTRIES LTD
33/2905 F, Vennala High School Road,
Ph: +91 484 3005000 ,
About V-GUARD INDUSTRIES LTD
V-GUARD INDUSTRIES LTD
33/2905 F, Vennala High School Road, Vennala
Phone : +91 484 3005000
Published On:September 25, 2013
Print Release:Print Release
If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.
Can Debt Consolidation Loans for Bad Credit Get Americans Out of Debt?
New Investing Book Details Strategies for a Secure Financial Future Anyone Can Use
Christmas Gift Registries Changing Traditional Gifting Trends in Australia
Property Management Company Opens Las Vegas Location
Best Foreign Exchange Center in Hyderabad