Asian Granito to double Quartz stone capacity to 5.28 lakh sq m

Asian Granito is the one of the largest and the fastest growing ceramic companies of India, and is looking forward to gain leadership position in the flooring solution.

On Tuesday, the company made an announcement of doubling its capacity for quartz stone from existing 2.64 lakh sq m to 5.28 lakh sq m. This will be a brown field expansion at its Himmatnagar plant, which is dedicated for exports. The expansion will cost Rs 20 crore to the company and is expected to draw additional sales of Rs 60 crore.

The focused market for this new line is likely to be counter tops and kitchen interior, airports, malls, luxury hotels. US is the largest market for engineered quartz for the replacement of counter tops. The quartz segment presently contributes Rs 45 crore to revenue and is expected to increase to Rs 125 cr. The company currently manufactures 800 sq m of quartz stone per day and plans to double this to 1,600 sq m post addition of the new line. Also, the company will be producing slabs of 20-30 mm thickness in the new facility apart from the current thickness of 12-15 mm.