Posted on 21 Feb 2023
Vesuvius Group intends to invest around INR 500 crore ($60.51 million) in India to increase the capacities of its manufacturing units and plants, located in Kolkata, Vizag, Pune, Pondicherry, and Mehsana, within three to five years. The company, however, did not specify the details of expansion projects.
The company has 27 manufacturing units worldwide, Kallanish notes.
"We will invest a minimum INR 500 crores, subject to necessary approvals, in various manufacturing units/plants located in different cities, including Kolkata, Vizag, Pune, Pondicherry, and Mehsana within three to five years," Vesuvius Group ceo Patrick Andre said. "We are happy to be here in Kolkata where our first plant was launched thirty years ago."
"We are regularly expanding our plants in India supplying technology-driven products to the steel and foundry industries. Our Group’s annual turnover in the country is around Rs 1700 crores owing to the regular increase in demand for our products from steel, cement, and foundry industries," Andre added.
"Our company is giving a special focus on organic investment and the research and development wing that is running very well at Vizag," the ceo informed.
According to Andre, Vesuvius is a leading supplier of steel and refractory products from the Kolkata plant to South Africa and South Asian countries.
"With so many new steel plants coming up in the country and existing ones expanding capacity, the demand for black refractories produced by us is on a sharp rise," Vesuvius India chairman Biswadip Gupta said. "Using the best technology and skilled human resources, we are facing the challenge in demand and supply of our products in India successfully."
"Tata Steel, JSW, ArcelorMittal, SAIL, and many other steel manufacturing giants have been using our products for decades," Gupta concluded.
Source:Kallanish
