Brief: Jaquar Group takes over Euro Sanitary Ware manufacturing plant

Euro Ceramics

25/04/2017 11:06

April 25 (Reuters) - Jaquar Group : 
    * Jaquar Group takes over Euro Sanitary Ware manufacturing 
plant for INR 1 billion 
    * Plans to further invest over 750-800 million rupees into 
plant, within next one year 
 
Source text - (Jaquar Group, India's leading complete bathroom 
solutions company, establishes its leadership position in the 
sanitary ware industry by taking over the manufacturing plant 
including facilities and assets of Kutch-based Euro Ceramics 
Ltd. in an INR 100 Crore deal. 
 
The Euro Ceramics plant in Bhachau, Kutch is spread over 17 
acres and is one of Asia's most modern sanitary ware 
manufacturing facilities. This strategic deal takes Jaquar 
Group's manufacturing to over 248,000 Sq. m, spread over 5 
plants in India & 1 plant in South Korea. 
 
Speaking on the occasion, Mr. Rajesh Mehra, Promoter and 
Director, Jaquar Group said, "Manufacturing has always formed 
the core of Jaquar Group's operations, supporting the 
Government's 'Make in India' vision. With the takeover of Euro 
Ceramics manufacturing plant, it will give us a leadership 
position strengthening our proposition of a 'complete bathroom 
solutions' provider. This move is significant as it reiterates 
the Group's vision of manufacturing world class products in 
India for the world. It will further help us achieve a turnover 
of INR 3500 Crores by FY 2017-18." 
The Bhachau plant is one of the most modern automated sanitary 
ware plants in Asia with ISO 9001:2008 accreditation and QMS 
system. It is equipped with some of the hi-tech and cutting-edge 
production technology from SACMI (Italy) - known worldwide for 
manufacturing machines for ceramics. 
 
In line with the company's mission to deliver unparalleled 
bathing products, Jaquar Group plansto further invest over INR 
75-80 Crores into the plant, within next one year, as part of 
modernization and upgradation in process, technology and 
machining of the plant. This up-gradation will take current 
plant production capacity from 1.2 million sanitary ware pieces 
to 1.8 million pieces in FY 2017-18.) 
Further company coverage:  EUCE.NS  
 
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