Sezal Glass Announces Major Expansion Plans

Date: 25 October 2011
Source: http://www.businesswireindia.com
Mumbai, Maharashtra, India, Saturday, October 22, 2011 -- (Business Wire India)Sezal Glass Ltd one of the leading Indian player in the Architectural Glass business today announced plans to further expand its value- addition glass business.

As a part of the expansion program, Sezal will invest about Rs. 500 crores to expand its value-added glass business with manufacturing set ups spanning across the geographical limits of the country. The expansion plan would also be generating new employment opportunities.

The product profile following this investment will include manufacture of high quality, value-added glass products like security glass, safety glass, fire resistant glass, acid patterned glass, bullet proof glass and manufacturing of other glass products- patterned and solar glass.

Sezal Glass Ltd. had recently sold its float glass business to a Multi National Company, Saint-Gobain Glass India Ltd., a 100% subsidiary of France based Compagnie de Saint-Gobain on slump sale basis for a consideration of Rs. 686 crores.

Commenting on the announcement, Mr. Amrrut S. Gada Chairman and Managing Director said, “This current expansion plan is a part of our ongoing strategy to invest in the state of art, specialized & revolutionary technologies, people, process, systems and infrastructure to support our long – term growth.

Going forward, we aim to be the leading Glass player in the value-added glass segment in the country. Over the last one decade, our Company has successfully executed numerous projects within India & abroad and is known for its rich experience in providing glass solutions. Our brief experience in float Glass manufacturing has also helped us understand the needs of the customers well and this will go a long way in our building business relations.”

“Taking into consideration aspects such as climate, safety & aesthetics the demand for high quality, value-added glass is rapidly increasing in India. The value-added glass business today is roughly about Rs. 2000 Crores & is increasing at the rate of 30 % per annum. With this expansion plan underway we will have a 15% market share of the value added glass business in a span of next three to five years.” stated Mr. Dhirraj S. Gada. Jt. Managing Director of the Company.

About Sezal Glass Limited:

Sezal GlaSSss Limited (BSE: 532993; NSE: SEZALGLASS) is a leading player in the Architectural Glass Processing business in India. The Processing facility of the Company is situated in Union Territory of Dadra, Nagar Haveli, Dist Silvassa.

The Company also operates in lifestyle home & office interior products under the brand name ‘Encasa’ at two locations in Mumbai. ‘Encasa’ trades in all mid and high end decorative glass, art & artifacts, lights & luminaires, sanitary ware, tiles, furniture, wallpapers to name a few. The company is also considering growth strategy for expanding this business as well.

    

For press backgrounder on Sezal Glass Ltd click here

Media contact details

Mr. Ashwin S. Shetty ,G.M. Compliance, Company Secretary,

Sezal Glass Ltd,

+91 (22) 2865100,

ashwin@sezalglass.com

Nawzer Kerawala,

Synergy Public Relations,

+91 (22) 26434448,

synergypr2000@gmail.com

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