 "Area rugs")
Welspun India Ltd, one of the country's leading home textiles companies, has forayed into flooring solutions with an investment of Rs 600 crore in a facility to manufacture carpets, area rugs and carpet tiles. The plant, the foundation stone for which was laid by Gujarat CM Vijay Rupani on Wednesday, will be located at Anjar, Gujarat.
The carpet facility ushers in a new chapter of Welspun's growth story by adding flooring solutions to its current portfolio of home textile products. Most of the capex for the facility, which will have an annual capacity of approximately 7 million square meters, will be done over the next 18 months.
"Flooring solutions has immense potential as a growing business. We believe that this segment will benefit from the synergies with our existing product line and customer base thereby creating strong growth opportunity for the domestic as well as international market. The investment represents our ongoing pursuit of expansion and is a testimony of our strength as one of the leading manufacturers globally," stated B K Goenka, chairman, Welspun Group.
Meanwhile, the company has inaugurated a 30 MLD (million litre per day) wastewater treatment facility at Welspun City, Anjar, to recycle and treat the wastewater generated in Anjar and Gandhidham-Adipur. Welspun will reuse the water obtained after biological treatment, ultra filtration and reverse osmosis (RO) processes for its production activities. This will reduce the company's dependency on the Narmada river resulting in increase of fresh water availability for the communities for domestic use.
Goenka elaborated, "With the inauguration of our wastewater treatmnet plant, we are hoping to set an example for the industry by preserving a scarce resources like water for the communities around our manufacturing facilities."
