Everest Industries plans to set up manufacturing facility in UAE

Everest Industries Ltd, a manufacturer of building solutions products, is reportedly planning to set up a fibre cement board plant in UAE to expand its overseas business. Everest Industries has informed BSE that the Board of Directors of the Company at its meeting held on October 17, 2014, has approved the setting up of a 72,000 metric tonne per annum fibre cement board plant in UAE through its wholly owned subsidiary company in Mauritius subject to grant of applicable approvals.
 
Over the past few quarters, Everest Industries has commissioned three factories in India, thus giving a boost to its domestic business. While the company commissioned the roofing plant at Baleshwar (Odisha) late last year, the new plant at Dahej in Gujarat for manufacturing of pre-engineered building (PEB) solutions has also started production. Before this, a metal roofing plant had come up in Ranchi, Jharkand.
 
In addition to capacity addition, Everest Industries has also introduced products such as roofing reinforced with synthetic fibre and polycarbonates in recent past. In fact, it had launched colour-coated metal roofing sheets in August 2014.