After establishing a plant in Pune and Aurangabad, Franke Faber India Limited is planning to spend over Rs 200 crore in new manufacturing plant in coming 3 years in Pune. The organization is an expert in manufacturing hob, kitchen chimneys and stainless sinks.
The Managing Director of Franke Faber India Limited, Ravi Gupta told the media that the new plant will be covering the business sectors of South East Asia and Middle East. This proposed plant won’t be just a best in class extend yet a completely mechanized assembling unit that will be delivering hobs and hoods.
Rs 50 crore will be invested this year in this new plant followed by the completion of its first stage before the end of current year.
The current plant of the organization at Pune is in charge of manufacturing hoods and hobs alongside Aurangabad based plant where stainless sinks get made. A year ago Franke Faber India Limited spent up to Rs 10 crore in Aurangabad plant.
The authorities of the Franke are expecting a gigantic commitment from the Indian market. The organization evaluates that Faber India Limited receives the contribution of Rs 150 crore from aggregate of Rs 300 crore spent by Indians in this particular domain.
The Franke Faber India Limited also wants to target a greater amount of Kerala, looking at its contribution in this business worth Rs 20 crore. The organization as of now has more than 150 dealers in the state, out of 2,200 outlets all over the country.
With the ability to fabricate up to 2 lakh stainless sinks each year, the organization propelled new sink worth Rs 7,500, which is heat and scratch resistant. The organization furthermore launched a collection of new kitchen hoods with value extent differing between Rs 13,000 and Rs 2 lakh. Industry’s most developed innovation has been utilized for making KIMLA, world’s advanced hood with inbuilt air conditioner.