Ardex Endura to set up new plants in India, invests Rs. 40 cr

L to R: Mark Eslamlooy, CEO, Ardex Endura Group Global and Vijay Aggarwal, Non Executive Chairman, Ardex Endura India & Managing Director, Prism Cement
Tiling adhesive makers Ardex Endura India Pvt Ltd (AEIPL), a joint venture between ARDEX Group, Germany and Prism Cement Limited India, announced the setting up of two state-of-the-art manufacturing plants in India at an investment of Rs. 40 crore, as part of its ongoing plans to strengthen operations locally and to expand the global product portfolio.
The new plants are coming up near Bangalore, Karnataka and at Durgapur, West Bengal during the third quarter of FY 2013.
Commenting on the expansion plans, Mark Eslamlooy, CEO, Ardex Group Global, said, “India is a very important and critical market for us, as the economic growth rate is impressive. We see opportunities for growth in India and we are in the process of strengthening our presence to consolidate our market position. The upcoming plants are a testimony to our commitment and long-term interest in the region. This will help us in expanding the ARDEX Group’s operations and product portfolio locally.”
AEIPL currently has manufacturing plants in Bangalore and Baroda in addition to the two in the pipeline. The company has 28 branches with over 350 employees across the country. AEIPL has technical know-how agreements with ARDEX Group companies for manufacturing most of its specialty products.

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