Euro Ceramics To Invest Rs 575cr For Expansion

Mumbai: Euro Ceramics is infusing Rs 575 crore to build up its vitrified tiles output capacity by 100,000 tonnes per annum (TPA). The BSE-listed company, which currently manufactures only vitrified tiles for flooring, is also entering into the vitrified wall tiles. It is now in the process of establishing a sanitaryware facility at its existing plant in Kutch with an annual capacity of 11,000 TPA at an investment of Rs 77 crore. At present, Euro Ceramics has an installed capacity of 79,971 TPA of vitrified tiles, 45,000 TPA of calcarious tiles and 1,800 TPA of aluminium extruded sections. The Rs 1,800-crore domestic vitrified tiles market is growing at 30 per cent, according to a report by Keynote Capital Research. The technology was initiated in France and Italy and has globally led to widely used natural stones such as marble or granite being replaced by vitrified tiles.