Post the sale of its float glass business to Saint-Gobain India Ltd. for Rs 686 crore, Sezal Glass Ltd. is now planning to expand its value-added glass business with the sales proceeds. One of the leading Indian players in the architectural glass business, Sezal Glass is investing around Rs 500 crore for expansion in its manufacturing set ups across the country.
"This current expansion plan is a part of our ongoing strategy to invest in the state of art, specialised and 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 with projects within India and 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," said Amrrut S Gada, chairman and managing director, Sezal Glass Ltd. while commenting on the expansion plans.
What's more, moving ahead from value-added glass, the product profile following the expansion 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. The expansion plan would also be generating new employment opportunities. Recently, Sezal Glass Ltd. had sold its float glass business to Saint-Gobain Glass India Ltd., a 100 per cent subsidiary of France based Compagnie de Saint Gobain on slump sales basis for consideration of Rs 686 crore.
"Taking into consideration aspects such as climate, safety and aesthetics the demand for high quality, value-added glass is rapidly increasing in India. The value-added glass business on Monday is roughly about Rs 2,000 crore and is increasing at the rate of 30 per cent per annum. With this expansion plan underway we will have a 15 per cent market share of the value added glass business in a span of next three to five years," stated Dhirraj S Gada, joint managing director of the company.
Apart from architectural glass processing business, Sezal Glass Limited also operates in lifestyle home and office interior products under the brand name 'Encasa' at two locations in Mumbai.
The company's 'Encasa' brand trades in all mid and high end decorative glass, art and artifacts, lights and luminaires, sanitaryware, tiles, furniture, and wallpapers, among others.
