Last Updated : Monday, July 16, 2018 23:54:47

Asian Granito’s JV Venture – Camrola Quartz kicks-off commercial production

AHMEDABAD | MUMBAI | RAJKOT – Camrola Quartz Ltd started commercial production to manufacture Quartz Stones of various thickness with effect from July 14, 2018, Asian Granito Inda Ltd said in a regulatory filing submitted to the Exchanges in India.

Camrola Quartz Ltd is a joint venture company between Asian Granito India Ltd and Paramshree Granite Private Ltd in 51:49 ration, which is into manufacturing of various thickness of Quartz Stone especially in 30MM and 20MM (thickness).

Presently production capacity of the plant is pegged at 1600 square meter per day, which shall be upgraded to 3000 square meter per day, over period of next 15-18 months, the filing claimed.

The company having wide range of product portfolio from single color to multi color quartz stone, aims to export same to global markets.

Currently, the company is launching product range in 40 to 50 different colors and shades, the filing said.

Camrola will be exporting nearly 75-80% of the total production to USA, Asia Pacific, Australia and other countries, where demand for quartz stone is growing.

Expecting imposition of anti-dumping duty on the imports of quartz stones from China to USA, the company envisages good export potential for Camrola Quartz products in US markets.

In future, the Company also aims to explore new network of dealers channel partners in domestic space to market Camrola Quartz product portfolio.

However, announcement did not bring any positive momentum in the share prices of Asian Granito shares, as the company shares ended on negative counters, when the trading session on the Indian Bourses ended today.




Do NOT follow this link or you will be banned from the site!