Mumbai-based tiles maker H&R Johnson (India) last week launched coloured tiles under its Marbonite range. |
Branded Coloured Marbonite, the offering is positioned to capture the design-centric segment of the vitrified tile market in India. |
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The new offering is expected to consolidate H&R Johnson's leadership in the Indian tile market as well as Marbonite's brand leadership in the vitrified segment. |
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"Through the Coloured Marbonite launch, we aim to provide the Indian customer with a product that is revolutionary in terms of its aesthetic value as well as product attributes. We also aim to upgrade the vitrified tile segment to a new dimension with our launch," Vijay Aggarwal, managing director, H&R Johnson (India), said. |
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Coloured Marbonite follows the company's investments of over Rs 100 crore in product development at its plant in Pen (Maharashtra). Coloured Marbonite is a result of a cutting-edge technology known as RollFeed. |
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We had to make substantial investments in this technology in terms of new machinery, product development tools, design technology amongst others," said Aggarwal. |
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The Coloured Marbonite range has 10 designs and colours. The range will be expanded over the next six months. |
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Coloured Marbonite launch will create a new segment in the vitrified tile market. Until now the vitrified tile market was segmented on the basis of the product size. The design and colour was not considered a key segment differentiator. This was basically due to the lack of original designs in the evolving market segment. |
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The company is also launching a marketing exercise to promote the launch. "We have earmarked a Rs 10 crore promotional budget for the launch of Coloured Marbonite. The key message is aimed at driving the product's USP of colours and designs to the target audience," said Aggarwal. |
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Marbonite, which was launched in 1998, enjoys a 30 per cent market share in the vitrified tiles market. During the current year, Marbonite is expected to contribute over Rs 300 crore to the company's overall turnover. |
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Coloured Marbonite will help the company break even on the manufacturing and marketing investments made towards the new product within a year. |
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