Vesuvius India Ltd to set up new manufacturing facility at Vizag

Vesuvius India Limited (the "Company" / "VIL") is engaged in the business of developing and manufacturing innovative and customised refractory solutions to be used in extremely demanding industrial environments, which enable customers to improve the efficiency of their manufacturing processes and enhance product quality.

VIL laid the foundation stone of a new manufacturing facility at Perwada, Visakhapatnam. This facility will be the latest addition to the existing manufacturing facilities at Kolkata, Visakhapatnam, and Mehsana. The foundation stone was laid by Mr John McDonough, Chairman Vesuvius plc, Mr Patrick Andre, Chief Executive Vesuvius plc, and Mr Biswadip Gupta, Chairman Vesuvius India Limited.

VIL, through its proposed wholly owned subsidiary, will invest approx. INR 57 crore in 1st phase. This is in addition to roughly INR 100 crore investments in progress in building capabilities and capacities in different plants in Kolkata and Vizag. This facility once commissioned will produce latest generation Mould flux product. It will further strengthen VIL product & service portfolio; and enhancing solution for customer.

Source : Equity Bulls

Keywords

VesuviusIndia FoundationStone NewManufacturingFacility Perwada Visakhapatnam